Risk sentiments were mixed initially last week but bears finally won the tie after poor economic data release from US. Looking at the week as a whole, Canadian dollar was the weakest currency as unexpected drop in core CPI cooled speculation of more immediate rate hike from BoC.

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Weekly Review and Outlook: Swiss Franc Shone in Risk Averse Markets, Dollar Extended Rebound

AUD is trading nervously ahead of tomorrow’s election. Key AUDUSD support has so far held. Is the consensus rising of an AUD-negative outcome

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AUD Trades Nervously ahead of Election

We are treated to Canadian CPI today… and that’s about it. Inflation at the consumer level is expected to accelerate to 1.6% (consensus: 1.9%) YoY in July from 1% in June

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Risk Takers Are Beaten By Emerged Double Dip Concerns