US data too hot for the Fed?
NAB Morning Call
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The Bank of Canada's Core Inflation Data
Core inflation in Canada was lower than expected with the year on year rate falling from 4.1% to 3.7%. So could this be it for the Bank of Canada? We could. I think the view is following this data print that the BOC can probably skip tightening at the July meeting. And the Aussie obviously getting influenced a little bit by the one as well. And we had the PBOC stepping in to try and stop the one sliding further. So they set the trading band higher, basically. So we'll see how that works out for them.
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