The US Dollar depreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Wednesday at 12:30 GMT. The AUD/USD exchange currency rate lost 34 pips or 0.48% right after the release. The Greenback continued trading at the 1.3440 level against the Canadian Dollar.
Statistics Canada released the Canadian Core Retail Sales data, which came out better-than-expected of 1.7% compared with forecast 0.8%.
According the official release: "Retail sales increased for the second consecutive month, rising 1.1% to $51.3 billion in March. Sales were higher in 7 of 11 subsectors, representing 39% of retail trade. Higher sales at gasoline stations and building material and garden equipment and supplies dealers were the main contributors to the increase."
| Date | 21.12.18 | 23.01.19 | 22.02.19 | 18.04.19 | 22.05.19 |
|---|---|---|---|---|---|
| Actual | 0.0% | -0.6% | -0.5% | 0.6% | 1.7% |
| Forecast | 0.2% | -0.4% | -0.5% | 0.2% | 0.8% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.92216 | 0.92101 | -0.12% |
| CAD/CHF | 0.75214 | 0.75323 | 0.14% |
| EUR/CAD | 1.49633 | 1.4941 | -0.15% |
| USD/CAD | 1.33942 | 1.33721 | -0.16% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 73.3% | 26.7% |
| CAD/CHF | 55.5% | 44.5% |
| EUR/CAD | 62.8% | 37.2% |
| USD/CAD | 26.5% | 73.5% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | Retail Sales m/m | -0.3% | 1.1% |
| 12:30 | USD | Core Durable Goods Orders m/m | 0.1% | 0.3% |
| 12:30 | USD | Durable Goods Orders m/m | -2.0% | 2.6% |