Analyst: If core inflation falls, the Canadian dollar may weaken.

Jin10 data reported on August 19, FP Markets analyst Aaron Hill stated in a report that if the data released later today shows an unexpected decline in Canada's July core inflation, the Canadian dollar may weaken. He pointed out: "If the core inflation indicator falls below 3.0%, it may prompt investors to increase their bets on interest rate cuts, thus putting pressure on the Canadian dollar." LSEG data shows that the market currently expects a 31% chance of the Bank of Canada cutting interest rates by 25 basis points in the September meeting, with a 69% chance of keeping the interest rate unchanged.
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