The US Dollar depreciated against the Canadian Dollar, following the Canadian GDP data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 19 pips or 0.15% right after the release. The Greenback continued trading at the 1.3090 level against the Canadian Dollar.
Statistics Canada released the Canadian GDP data, which came out better-tan-expected of 0.3% compared with forecast of 0.2%.
According to the official release: "Real gross domestic product was up 0.3% in April, following a 0.5% increase in March. Goods-producing industries rose 0.4%, while services producing industries increased 0.2%. The 20 industrial sectors were nearly evenly split between gains and losses. On a three-month rolling average basis, real gross domestic product increased 0.3%, up compared with the three-month rolling average in March (+0.1%)."
| Date | 31.01.19 | 01.03.19 | 30.04.19 | 31.05.19 | 28.06.19 |
|---|---|---|---|---|---|
| Actual | -0.1% | -0.1% | -0.1% | 0.5% | 0.3% |
| Forecast | -0.1% | 0.0% | 0.1% | 0.4% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.91725 | 0.91647 | -0.09% |
| CAD/CHF | 0.74563 | 0.74589 | 0.03% |
| EUR/CAD | 1.49007 | 1.4891 | -0.07% |
| USD/CAD | 1.30877 | 1.3083 | -0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 73.2% | 26.8% |
| CAD/CHF | 63.7% | 36.3% |
| EUR/CAD | 71.8% | 28.2% |
| USD/CAD | 47.3% | 52.7% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:45 | CNY | Caixin Manufacturing PMI | 50.0 | 50.2 |
| 8:30 | GBP | Manufacturing PMI | 49.2 | 49.4 |
| 14:00 | USD | ISM Manufacturing PMI | 51.0 | 52.1 |