Canadian Dollar gets pushed around as investors focus elsewhere. Canada absent from economic calendar until next week. US PCE inflation remains higher than expected, weighing on rate cut hopes. The Canadian Dollar is taking a back seat to broader market flows on Friday as investor focus remains pinned on decaying hopes for a rate cut from the Federal Reserve . US Personal Consumption Expenditure Price Index figures came in above expectations on Friday, weighing further on rate trim expectations.
The pair still trades on the north side of the 200-day Exponential Moving Average at 1.3527, but USD/CAD remains down 1.2% from the last swing high near 1.3850.
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