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USD/CAD drifts lower as Canada CPI shows mixed inflation signals ahead of BoC decision

USD/CAD trades on the back foot on Monday as the Canadian Dollar (CAD) draws support from a softer US Dollar (USD), while traders show a muted reaction to the latest Canadian inflation data as attention remains firmly focused on heightened geopolitical tensions surrounding the ongoing US-Iran war.
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CHF: Intervention risk and safe-haven role – Rabobank

Rabobank’s Senior FX Strategist Jane Foley argues that while the Swiss Franc meets many safe-haven criteria, its strength remains problematic for the SNB given very low inflation and a zero policy rate.
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