The US Dollar traded sideways against the Canadian Dollar, following the Canadian Trade balance data release on Thursday at 12:30 GMT. The USD/CAD exchange currency rate gained 8 pips or 0.06% right after the release. The Greenback continued trading at the 1.3484 level against the US Dollar.
Statistics Canada released the Canadian trade Balance data, which came out worse-than-expected of negative 3.2B compared with forecast negative 2.4B. Note, that the US PPI data was released at the same time.
According to the release: "Canada's exports rose 3.2% in March, led in part by higher exports of energy products. Imports increased 2.5%, mainly on higher imports of consumer goods. As a result, Canada's merchandise trade deficit with the world narrowed from $3.4 billion in February to $3.2 billion in March."
| Date | 06.12.18 | 08.01.19 | 06.03.19 | 17.04.19 | 09.05.19 |
|---|---|---|---|---|---|
| Actual | -1.2B | -2.1B | -4.6B | -2.9B | -3.2B |
| Forecast | -0.7B | -2.1B | -2.4B | -3.5B | -2.4B |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.94068 | 0.94106 | 0.04% |
| CAD/CHF | 0.75475 | 0.7541 | -0.09% |
| EUR/CAD | 1.50985 | 1.51056 | 0.05% |
| USD/CAD | 1.34848 | 1.34923 | 0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 74.2% | 25.8% |
| CAD/CHF | 35.4% | 64.6% |
| EUR/CAD | 49.5% | 50.5% |
| USD/CAD | 38.0% | 62.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | RBA Monetary Policy Statement | - | - |
| 8:30 | GBP | GDP m/m | 0.0% | 0.2% |
| 8:30 | GBP | Manufacturing Production m/m | 0.1% | 0.9% |