The US Dollar appreciated against the Canadian Dollar, following the Canadian GDP data release on Tuesday at 12:30 GMT. The USD/CAD exchange currency rate gained 29 pips or 0.22% right after the release. The Greenback continued trading at the 1.3445 level against the Canadian Dollar.
Statistics Canada released the Canadian GDP data that came out worse-than-expected of negative 0.1% compared with forecast 0.1%.
According to the official release: "Following 0.3% growth in January, gross domestic product contracted 0.1% in February as both goods-producing and services-producing industries declined. The 20 industrial sectors were nearly evenly split between gains and losses."
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| Date | 30.11.18 | 21.12.18 | 31.01.19 | 01.03.19 | 30.04.19 |
|---|---|---|---|---|---|
| Actual | -0.1% | 0.3% | -0.1% | -0.1% | -0.1% |
| Forecast | 0.1% | 0.2% | -0.1% | 0.0% | 0.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.94711 | 0.94842 | 0.14% |
| CAD/CHF | 0.75936 | 0.75783 | -0.20% |
| EUR/CAD | 1.50747 | 1.50975 | 0.15% |
| USD/CAD | 1.34351 | 1.34586 | 0.17% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 71.5% | 28.5% |
| CAD/CHF | 34.9% | 65.2% |
| EUR/CAD | 37.7% | 62.3% |
| USD/CAD | 36.1% | 63.9% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 14:00 | USD | ISM Manufacturing PMI | 55.0 | 55.3 |
| 18:00 | USD | FOMC Statement | - | - |
| 18:00 | USD | Federal Funds Rate | <2.50% | <2.50% |