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 30 pips or 0.23% right after the release. The Greenback continued trading at the 1.3255 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%. Note, that the US Personal Spending data was published at the same time.
According to the official release: "Real gross domestic product was up for the fourth consecutive month in June, rising 0.2%. Growth in 17 of 20 industrial sectors more than compensated for a decline in manufacturing. Goods-producing industries declined 0.2% as a result of lower manufacturing, largely offsetting the growth in May. Services-producing industries were up 0.3%."
| Date | 30.04.19 | 31.05.19 | 28.06.19 | 31.07.19 | 30.08.19 |
|---|---|---|---|---|---|
| Actual | -0.1% | 0.5% | 0.3% | 0.2% | 0.2% |
| Forecast | 0.1% | 0.4% | 0.2% | 0.1% | 0.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.89377 | 0.89234 | -0.16% |
| CAD/CHF | 0.74485 | 0.74579 | 0.13% |
| EUR/CAD | 1.46551 | 1.46314 | -0.16% |
| USD/CAD | 1.32786 | 1.32587 | -0.15% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 64.9% | 35.1% |
| CAD/CHF | 72.2% | 27.8% |
| EUR/CAD | 74.6% | 25.4% |
| USD/CAD | 47.9% | 52.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Retail Sales m/m | - | 0.4% |
| 4:30 | AUD | Cash Rate | 1.00% | 1.00% |
| 14:00 | USD | ISM Manufacturing PMI | - | 51.2 |