The US Dollar appreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 2- pips or 0.15% right after the release. The Greenback continued trading at the 1.3074 level against the Canadian Dollar.
Statistics Canada released the Canadian CPI data, which came out better-than-expected of negative 0.2% compared with the forecast of negative 0.3%.
According to the official release: "The Consumer Price Index (CPI) rose 2.0% on a year-over-year basis in June, down from a 2.4% increase in May, largely due to lower month-over-month energy prices. Excluding energy, the CPI rose 2.6% year over year. Prices increased year over year in all eight major components. On a seasonally adjusted monthly basis, the CPI declined 0.1% in June, following a 0.3% gain in May."
| Date | 27.02.19 | 17.04.19 | 15.05.19 | 19.06.19 | 17.07.19 |
|---|---|---|---|---|---|
| Actual | 0.1% | 0.7% | 0.4% | 0.4% | -0.2% |
| Forecast | 0.2% | 0.7% | 0.4% | 0.1% | -0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.9149 | 0.91561 | 0.08% |
| CAD/CHF | 0.75754 | 0.75684 | -0.09% |
| EUR/CAD | 1.46535 | 1.46595 | 0.04% |
| USD/CAD | 1.30667 | 1.30744 | 0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 70.3% | 29.7% |
| CAD/CHF | 29.3% | 70.7% |
| EUR/CAD | 72.5% | 27.5% |
| USD/CAD | 64.5% | 35.5% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Employment Change | 9.1K | 42.3K |
| 1:30 | AUD | Unemployment Rate | 5.2% | 5.2% |
| 8:30 | GBP | Retail Sales m/m | -0.3% | -0.5% |