The US Dollar depreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate lost 16 pips or 0.12% right after the release. The Greenback continued trading at the 1.3250 level against the US Dollar.
Statistics Canada released the Canadian CPI data, which came out better-than-expected of negative 0.1% compared with the forecast of negative 0.2%.
According to the official release: "Consumer prices for gasoline fell 10.2% in the 12 months to August, following a 6.9% decline in July. In contrast, natural gas prices rose 5.8% year over year in August, up from a 3.2% increase in July. Air transportation prices rose 10.3% year over year in August after increasing 4.6% in July. Canadians paid 6.5% less for fresh vegetables in August compared with July, marking the largest month-over-month decline in five years. The cost of meat grew 4.8% on a year-over-year basis in August, after rising 5.5% in July."
| Date | 15.05.19 | 19.06.19 | 17.07.19 | 21.08.19 | 18.09.19 |
|---|---|---|---|---|---|
| Actual | 0.4% | 0.4% | -0.2% | 0.5% | -0.1% |
| Forecast | 0.4% | 0.1% | -0.3% | 0.1% | -0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.90753 | 0.9071 | -0.05% |
| CAD/CHF | 0.75095 | 0.75114 | 0.03% |
| EUR/CAD | 1.46584 | 1.46483 | -0.07% |
| USD/CAD | 1.32572 | 1.32528 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 52.6% | 47.4% |
| CAD/CHF | 64.0% | 36.0% |
| EUR/CAD | 70.6% | 29.4% |
| USD/CAD | 48.2% | 51.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Employment Change | 15.2K | 41.1K |
| Tentative | JPY | Monetary Policy Statement | - | - |
| 11:00 | GBP | Official Bank Rate | 0.75% | 0.75% |