Globe and Mail: Canadian dollar rebounds from 14-month low after U.S. inflation data

“Overall price growth remains above target, ⁠but a slow-motion disinflation process should get under way in ⁠the coming months, giving the front end of the yield curve room ​to rally as the most aggressive tightening scenarios are priced out,” said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions. He added that the U.S. dollar could be vulnerable to less hawkish commentary from members of the Federal Open Market Committee ⁠in the coming weeks.

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