Just a few pips gained (18 pips) in the USDCAD after the Canadian inflation comes 1 tenth below consensus.
Small resistance moves down to 1.3831, but would need a spike all the way to 1.3872 to just reverse US NFP's sell off from the 1st August.
There has been no reaction in the likes of the EURCAD.
US TSYS: Post-Housing Starts/Build Permits React
Aug-19 12:34
Treasury futures holding firmer after higher than expected Housing Starts (up-revision to prior) while build permits lower than expected.
Tsy Sep'25 10Y futures currently trades +4 at 111-20.5 vs. 111-21 high. Initial resistance above at 112-15.5 (Aug 5 high) followed by 112-23 (May 1 high).
Key support is 110-08+, the low on Jul 15 and 16. First key support is yet to be tested at 110-23+, the Aug 1 low.
Curves remain flatter: 2s10s -0.522 at 56.330, 5s30s -0.279 at 108.244.
CANADA JULY CPI +1.7% YOY ON GAS, FORECAST +1.8%, PRIOR +1.9%
Aug-19 12:30
CANADA JULY CPI +1.7% YOY ON GAS, FORECAST +1.8%, PRIOR +1.9%
CORE MEDIAN CPI 3.1% YOY FROM 3% IN JUNE; TRIM STEADY AT 3%
CANADA CORE MEDIAN FOR JUNE REVISED TO +3% YOY FROM +3.1%
CANADA JULY CPI +0.3% MOM MATCHING FORECAST, PRIOR +0.1%