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USD/CAD extends gains on softer Canada inflation, firmer US Dollar

The Canadian Dollar (CAD) weakens against the US Dollar (USD) on Tuesday after softer-than-expected headline inflation data reinforced signs of easing price pressure. At the time of writing, USD/CAD is trading around 1.3676, extending gains for a fifth consecutive day.
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NOK: Inflation shock reshapes rate path – Rabobank

Rabobank’s Jane Foley notes that stronger-than-expected Norwegian CPI data has upended the Norges Bank’s easing narrative, pushing markets to price an extended pause instead of further cuts.
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