The US Dollar depreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 33 pips or 0.25% right after the release. The Greenback continued trading at the 1.3345 level against the Greenback.
Statistics Canada released the Canadian CPI data, which came out better-than-expected of 0.4% compared with forecasted 0.1%.
According to the official release: "Prices increased year over year in all eight major components in May, with six components growing at faster rates and two components growing at the same pace compared with April. Higher prices for food (+3.5%) and transportation (+3.1%) contributed to the increased growth in the all-items index."
| Date | 18.01.19 | 27.02.19 | 17.04.19 | 15.05.19 | 19.06.19 |
|---|---|---|---|---|---|
| Actual | -0.1% | 0.1% | 0.7% | 0.4% | 0.4% |
| Forecast | -0.4% | 0.2% | 0.7% | 0.4% | 0.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.91926 | 0.91715 | -0.23% |
| CAD/CHF | 0.74571 | 0.7472 | 0.20% |
| EUR/CAD | 1.49924 | 1.49595 | -0.22% |
| USD/CAD | 1.33821 | 1.33523 | -0.22% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 74.5% | 25.5% |
| CAD/CHF | 73.4% | 26.6% |
| EUR/CAD | 52.0% | 48.0% |
| USD/CAD | 48.2% | 51.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| Tentative | JPY | Monetary Policy Statement | - | - |
| 8:30 | GBP | Retail Sales m/m | -0.5% | 0.0% |
| 11:00 | GBP | Official Bank Rate | 0.75% | 0.75% |