What to Expect Today
The focus today will be on the US PCE data. This is the only important news for today. All eyes are on this data before the US dollar takes a clear direction.

13:30 CAD Gross Domestic Product (MoM) (Jul)
Canada is expected to report a GDP growth of 0.1% vs the previous -0.1%, (month-to-month).

13:30 USD Core Personal Consumption Expenditures - Price Index (Aug)
13:30 USD Personal Consumption Expenditures - Price Index (Aug)

The Core PCE inflation month-to-month is expected to rise 0.2% vs 0.2% previous , and year-on-year is expected to rise 2.9% vs 2.9% previous.
The headline PCE inflation (all items) is forecast to tick up to 2.7% YoY, up from 2.6%
Core PCE is the Federal Reserve’s preferred inflation gauge, a surprise above expectations could affect rate policy signaling.

Inflation remains above the Fed’s 2% target, with core PCE holding near 2.9%.
The “old structure” of tariff pass-through continues — rising import prices may push up core goods inflation over time

Standard Reaction:
Upside inflation surprise → USD strength;
Downside surprise → USD could weaken.