Canada August CPI 2.0% vs 2.1% expected ...Middle East

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Prior month 2.5%(it came in as expected)CPI MoM -0.2% vs 0.0% expected.Prior MoM +0.4%Core measures: CPI Bank of Canada core YoY 1.5% vs 1.7% last monthCPI Bank of Canada core MoM -0.1% versus +0.3% last monthCore CPI MoM SA 0.1% versus 0.1% last monthMedian 2.3% versus 2.2% estimate. Last month 2.4%Trim 2.4% versus 2.5% estimate. Last month .7%Common 2.0% versus 2.2% last monthThe initial reaction is a run to the upside for the USDCAD. The USDCAD went from 1.3590 to the current rate of 1.3610. There is resistance near a swing area between 1.3615 1.3622. The 200 bar moving average on a four hour chart is just above that at 1.3624 in the 38.2% retracement of the move down from the August h

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