• The Canadian Dollar is strung across familiar chart territory on Thursday.
• Low-tier data from Canada gets swamped out by US PPI inflation figures.
• Markets are broadly pivoting toward the countdown to a Fed rate cut next week.

The Canadian Dollar (CAD) struggled to find room on the topside on Thursday, broadly easing back across the major currency boards, and unable to gain ground against the also-soft Greenback. US Producer Price Index (PPI) didn’t really deliver a thunderous inflation print in either direction, but mixed headline price figures helped keep broad-market hopes for a September rate cut afloat.

Canada continues to deliver low-tier, low-impact economic figures that get swamped out by more important data: anything that will confirm or threaten a Federal Reserve (Fed) rate cut expected on September 18.