USD/CAD holds above 1.4200 as hot United States PPI enhances United States Dollar
USD/CAD trades with moderate gains around 1.4215 in Friday's early Asian session.
United States yearly PPI inflation increased to 3.0% YoY in November vs. 2.6% anticipated.
Trump tariff dangers might weaken the Loonie, however greater petroleum rates may assist restrict its losses.
The USD/CAD set posts modest gains to near 1.4215 throughout the early Asian session on Friday. The uptick of the set is strengthened by the firmer United States Dollar (USD) broadly after the hotter-than-expected United States Producer Price Index (PPI) inflation report.
Information launched by the United States Bureau of Labor Statistics on Thursday revealed that the PPI for last need in the United States increased 3.0% YoY in November. This reading followed the 2.6% boost seen in October and can be fou...