The Canadian dollar fell against most major rivals on Tuesday after the release of inflation data, which matched expectations.

 

Earlier government data showed Canada’s consumer prices rose 0.5% in April as expected. 

 

Core prices, excluding food and energy, rose by 0.2% last month.

 

On trading, the CAD/USD pair lost 0.2% as of 18:34 GMT to 0.7325. 

 

Aussie

 

The Australian dollar fell 0.1% against its US counterpart as of 18:34 GMT to 0.6664. 

 

The Dollar

 

The dollar index rose 0.1% to 104.6 as of 18:26 GMT, with a session-high at 104.7, and a low at 104.4. 

 

Now investors await important remarks by several Fed officials later this week, in addition to the Fed’s meeting minutes, which could provide clues on the future of US monetary policies. 

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