FXstreet.com (Barcelona) - The Dollar has finally found support against the Canadian at 1.0450 after falling 85 pips from intra-day high at 1.0535 in the Asian session. The pair has bounced at this level and it is trading close to 1.0170 on the back of the Canadian CPI data in October. Currently the pair is trading around 1.0465/75, 0.20% below today's opening price action.
Consumer price index in Canada has decline 0.1% between September and October, against the 0.2% rises expected by market. YoY, CPI has risen 0.1% in October, in line of expectations. The Bank of Canada CPI has advanced 0.1% monthly in October. Year over year, BoC inflation as been posted at 1.8% in October, above 1.5% reached in September.