Today's key economic indicators present a mixed landscape with high-impact data releases from China and Canada. The inflation rate in China and employment statistics in Canada are in the spotlight, driving market sentiment and potential currency movements. Careful analysis is required to understand the implications on CNY and CAD.
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Inflation Rate YoY (Jul) | 2025-08-09 01:30:00 | 0.1% | N/A | -0.1% | N/A | High |
| Event | Date (NY) | Previous | Actual | Estimate | Change | Impact |
|---|---|---|---|---|---|---|
| Unemployment Rate (Jul) | 2025-08-08 12:30:00 | 6.9% | 6.9% | 7% | 0% | High |
| Employment Change (Jul) | 2025-08-08 12:30:00 | 83.1K | -40.8K | 13.5K | -123.9K | High |
For the CNY, the expected deflation could weigh heavily on the currency, suggesting a non-supportive environment. Meanwhile, the CAD faces ambiguity with steady unemployment but disappointing employment growth figures, making it potentially vulnerable but not conclusively bearish. Monitor these currencies closely for adjustments post-data releases.