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Forex headlines assembled from multiple corroborating sources and updated as stories develop. Written by the FXC Newsdesk, method explained on how it works.

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Tuesday, Jul 21

06:00 Event preview GBP

UK CPI Preview: Inflation expected to cool slightly

Ahead of Wednesday's UK CPI release, market consensus expects a slight dip to 2.7% year-over-year from 2.8%, a high-impact event for GBP pairs. 00:17 story CAD

US Imposes 50% Tariffs on Most Canadian Goods Over Trade Disputes

The United States announced **50%** tariffs on a range of Canadian imports, effective **August 19**, citing alleged trade discrimination against American products.

Monday, Jul 20

23:16 story NZD

Cleveland Fed President Hammack Highlights Persistent Inflation Risks, Fuels Hawkish Outlook

Federal Reserve Bank of Cleveland President Beth Hammack expressed strong concerns over persistent inflation, hinting at a potentially hawkish stance for the upcoming FOMC meeting. 21:30 Daily brief EUR

Sydney Open Briefing: Tuesday, July 21, 2026

Sydney Open sees global equities lower, AUD stronger. New Zealand CPI data is a key focus for the session. 14:30 Event recap USD

CB Leading Economic Index m/m comes in at -0.2% against -0.2% consensus

The US CB Leading Economic Index for July came in at **-0.2%**, matching consensus expectations. Initial market reactions were generally subdued across major USD pairs. 13:01 Event recap CAD

Core CPI y/y (CAD) comes in at 2.1% against 1.9% consensus

Canada's Core CPI year over year was released at 2.1%, exceeding the 1.9% consensus. Initial market reaction shows a broad weakening of the Canadian dollar. 13:01 Event recap CAD

Core CPI m/m (CAD) comes in at 0.1% against 0.5% consensus

Canada's Core CPI m/m was reported at 0.1%, significantly below the 0.5% consensus. The Canadian dollar showed broad weakness against major pairs following the release. 13:00 Event recap CAD

Trimmed CPI y/y (CAD) comes in at 1.8% against 2% consensus

Canada's Trimmed CPI year over year was released at 1.8%, falling below the 2% consensus. Initial market reaction saw the Canadian dollar weaken. 13:00 Event recap CAD

Median CPI y/y (CAD) comes in at 1.9% against 2.1% consensus

Canada's Median CPI year over year registered 1.9%, missing the 2.1% consensus. The Canadian dollar generally weakened against major currencies following the release. 13:00 Event recap CAD

Common CPI y/y (CAD) comes in at 2.6% against 2.9% consensus

Canada's Common CPI year over year was reported at 2.6%, missing the consensus of 2.9%. The Canadian dollar showed initial weakness against major pairs. 13:00 Event recap CAD

Canada CPI m/m comes in at -0.4% against 0.6% consensus

Canada's latest CPI m/m data showed a significant miss, printing at -0.4% compared to a 0.6% consensus. The Canadian dollar weakened against major pairs in the... 12:30 Daily brief EUR

New York Open Briefing: Monday, July 20, 2026

New York opens with risk-on sentiment, global equities up. Eurozone construction data beat expectations. NZD CPI is a key focus ahead. 07:30 Daily brief BRL

London Open Briefing: Monday, July 20, 2026

London opens to mixed sentiment. NZD trade balance misses expectations. Canadian CPI data is due later. 06:17 story EUR

US and German Producer Prices Decline More Than Expected in June, Signaling Easing Inflationary Pressures

Producer price indices in both the United States and Germany registered larger-than-forecast declines in June, driven by abating pipeline costs and falling energy prices respectively. 06:01 Event preview GBP

UK Claimant Count Change preview: Consensus points to slight improvement

The UK Claimant Count Change is due on July 21, 2026. Market consensus expects a decrease in claims, suggesting potential labor market tightening. This high-impact release... 06:01 Event preview NZD

New Zealand CPI q/q preview: Consensus expects higher inflation

New Zealand's Q2 CPI data is due, with market consensus at **1.5%** compared to the previous **0.9%**. This high-impact release historically generates significant volatility for NZD... 06:01 Event preview CAD

Trimmed CPI y/y (CAD) preview: Consensus holds at 2.0%

Forex traders await Canada's Trimmed CPI y/y release on July 20. The market consensus is **2.0%**, matching the previous reading, indicating potential for CAD volatility.