The US Dollar appreciated against the Canadian Dollar, following the Canadian Retails Sales data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 34 pips or 0.26% right after the release. The Greenback continued trading at the 1.3100 level against the Canadian Dollar.
Statistics Canada released the Canadian Retail Sales, which came out worse-than-expected of negative 0.3% compared with the forecast of 0.3%.
According to the official release: "Retail sales declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales decreased 1.0%. Retail sales declined for the first time in four months, edging down 0.1% to $51.5 billion in May. Excluding sales at motor vehicle and parts dealers and gasoline stations, retail sales decreased 1.0%. After removing the effects of price changes, retail sales in volume terms decreased 0.5%."
| Date | 23.01.19 | 18.04.19 | 22.05.19 | 21.06.19 | 19.07.19 |
|---|---|---|---|---|---|
| Actual | -0.9% | 0.8% | 1.1% | 0.1% | -0.3% |
| Forecast | -0.6% | 0.4% | 0.8% | 0.3% | 0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.92122 | 0.92337 | 0.23% |
| CAD/CHF | 0.75312 | 0.75106 | -0.27% |
| EUR/CAD | 1.46543 | 1.46926 | 0.26% |
| USD/CAD | 1.30574 | 1.30907 | 0.26% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 71.3% | 28.7% |
| CAD/CHF | 53.1% | 46.9% |
| EUR/CAD | 70.5% | 29.5% |
| USD/CAD | 58.8% | 41.2% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 7:15 | EUR | French Flash Services PMI | - | 52.9 |
| 7:30 | EUR | German Flash Manufacturing PMI | - | 45.0 |
| 7:30 | EUR | German Flash Services PMI | - | 55.8 |