{
  "id": 14475821,
  "title": "Canadian Dollar weakens as US CPI puts October Fed hike in play",
  "url": "https://urgent.news/2026/10/14/canadian-dollar-weakens-as-us-cpi-puts-october-fed-hike-in-play",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T14:28:40.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/canadian-dollar-weakens-as-us-cpi-puts-october-fed-hike-in-play-202610141428"
  },
  "original_language": "en",
  "account": "The Canadian Dollar experienced a decline on Wednesday as the US Dollar rallied to a record high, driven by stronger-than-expected US inflation data. The USD/CAD exchange rate reached around 1.4287, marking a 0.50% increase for the day, near 18-month highs. The September Consumer Price Index (CPI) came in at 0.6%, matching market expectations and up from August's 0.4% increase. Annual headline inflation surged to 3.7% from 3.4%, surpassing the 3.6% forecast. Core CPI, excluding food and energy, rose 0.3% monthly, above the 0.2% expectation and unchanged from August's figure. Core annual inflation, too, increased to 2.6% from 2.4%, also exceeding the 2.5% forecast. The data suggests the Federal Reserve may consider raising interest rates at their next meeting on October 27-28, up from a previous 22% probability. The Federal Reserve now faces a higher risk of incurring inflation, particularly due to oil prices impacted by Middle East tensions. Analysts anticipate traders will closely monitor the US Producer Price Index (PPI) and retail sales figures released on Thursday, alongside the potential further tightening of the Fed's monetary policy.",
  "summary": "USD/CAD climbs on Wednesday, reversing all of the previous day’s losses as the US Dollar (USD) rallies to a fresh year-to-date high following stronger-than-expected US inflation data. At the time of writing, USD/CAD trades around 1.4287, up 0.50% on the day near 18-month highs.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Decrypt",
        "title": "Bitcoin Falls as Hot Inflation Puts a Fed Hike Back on the Table",
        "url": "https://urgent.news/2026/10/14/bitcoin-falls-as-hot-inflation-puts-a-fed-hike-back-on-the-table",
        "published": "2026-10-14T14:51:44.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "US dollar hits 18-month high as hotter inflation revives Fed rate hike concerns",
        "url": "https://urgent.news/2026/10/14/us-dollar-hits-18-month-high-as-hotter-inflation-revives-fed-rate",
        "published": "2026-10-14T15:51:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}