The US dollar appreciated for the second streight session against the loonie after the core CPI exceeded expectations. In July the CPI rose by 0.3% relative to the previous months. On a year-on-year basis, it rose by 2.2% above the critically important target of 2%. However, this rise will probably not affect the expectations that the Fed will cut interest rates again next month amid tensions in trade. No data to be followed on the Canadian side. Commodity-linked currency is affected by the oil prices which are posting very limited gains in the last few sessions. The pair retraced to 50.0% Fibonacci. Support is held at 1.3200 with the resistance at 1.3350.