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Canadian Dollar Outlook: Inflation Data to Dictate USD/CAD, CAD/JPY 2021-02-17 07:30:00 Daniel Moss, Analyst
Canadian Dollar, Crude Oil, Inflation, USD/CAD, CAD/JPY – Talking Points:
Equity markets slid lower during APAC trade as investors mulled the impact of the recent climb in bond yields.
Inflation figures for January may dictate the near-term trajectory of the Canadian Dollar.
USD/CAD attempting to rebound from key support.
CAD/JPY’s extended uptrend at risk of a short-term pullback. Advertisement
Asia-Pacific Recap
Equity markets slipped lower during Asia-Pacific trade as investors mulled the impact of climbing bond yields on asset prices. Australia’s ASX 200 dropped 0.46% and Japan’s Nikkei 225 slipped 0.58%. Hong Kong’s Hang Seng Index extended its 5-day rally, surging 1.13%.