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The Canadian Dollar weakened against the Greenback, following the Canadian Consumer Price Index data release on Friday. The USD/CAD currency pair gained 60 pips, or 0.48%, to continue going upwards to the 1.2725 level.
The Statistics Canada released two data simultaneously, where both of them came out lower-than-expected. Consumer Price Index data for the month of March came out to be 0.3%, which was twice as little as in the month before, and Core Retail Sales for the month of February remained unchaged from the previous period, even though economists forecast it to be 0.4%.
| Historical Data Table: Canadian CPI m/m | Economic Calendar for 23.04.2018 | ||||||||
| Date | 21.12.2017 | 26.01.2018 | 23.02.2018 | 23.03.2018 | 20.04.2018 | 7:00 AM | French Flash Services PMI | ||
| Actual | 0.30% | -0.40% | 0.70% | 0.60% | 0.30% | 7:30 AM | German Flash Services PMI | ||
| Forecast | 0.20% | -0.30% | 0.40% | 0.40% | 0.40% | 2:00 PM | US Existing Home Sales | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.97312 | 0.97577 | 0.27% | AUD/CAD | 72.82% | 27.18% | |||
| CAD/CHF | 0.76979 | 0.76722 | -0.33% | CAD/CHF | 58.85% | 41.15% | |||
| EUR/CAD | 1.55566 | 1.56063 | 0.32% | EUR/CAD | 34.17% | 65.83% | |||
| USD/CAD | 1.26375 | 1.26795 | 0.33% | USD/CAD | 61.61% | 38.39% | |||