The US Dollar depreciated against the Canadian Dollar, following the Canadian GDP data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 20 pips or 0.15% right after the release. The Greenback continued trading at the 1.3135 level against the Canadian Dollar.
Statistics Canada released the Canadian GDP data, which came out better-than-expected of 0.2% compared with the forecast of 0.1%.
According to the official release: "Real gross domestic product was up for a third consecutive month in May, rising 0.2%. The increase was led by a rebound in manufacturing with 13 out of 20 industrial sectors expanding. On a three-month rolling average basis, real gross domestic product increased 0.7%. Real gross domestic product was up for a third consecutive month in May, rising 0.2%. The increase was led by a rebound in manufacturing with 13 out of 20 industrial sectors expanding. On a three-month rolling average basis, real gross domestic product increased 0.7%."
| Date | 01.03.19 | 30.04.19 | 31.05.19 | 28.06.19 | 31.07.19 |
|---|---|---|---|---|---|
| Actual | -0.1% | -0.1% | 0.5% | 0.3% | 0.2% |
| Forecast | 0.0% | 0.1% | 0.4% | 0.2% | 0.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.90648 | 0.90536 | -0.12% |
| CAD/CHF | 0.75307 | 0.75376 | 0.09% |
| EUR/CAD | 1.46607 | 1.46426 | -0.12% |
| USD/CAD | 1.31563 | 1.31379 | -0.14% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 74.3% | 25.7% |
| CAD/CHF | 61.3% | 38.7% |
| EUR/CAD | 73.3% | 26.7% |
| USD/CAD | 51.4% | 48.6% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 11:00 | GBP | Monetary Policy Summary | - | - |
| 11:00 | GBP | Official Bank Rate | 0.75% | 0.75% |
| 14:00 | USD | ISM Manufacturing PMI | 52.0 | 51.7 |