This week, potentially softer-than-expected Canadian inflation could pile on BOC rate cut bets and drag the Loonie lower against its major rivals.
Our Event Guide for the Canadian CPI Report notes that average hourly wages for July came in well below expectations, hinting that underlying price pressures may not be as firm as the headline consensus suggests.
In this scenario, setups on USD/CAD and AUD/CAD could provide trading opportunities for CAD sellers.
