The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 22 pips or 0.17% right after the release. The Greenback continued trading at the 1.3285 level against the Canadian Dollar.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of negative 0.1% compared to the forecast of 0.2%.
According to the official release: "Sales in the retail trade sector advanced for the first time in three months, increasing 0.4% in July to $51.5 billion. Higher sales were reported in 6 of 11 subsectors representing 71% of retail trade. After removing the effects of price changes, retail sales in volume terms were essentially unchanged in July."
| Date | 18.04.19 | 22.05.19 | 21.06.19 | 23.08.19 | 20.09.19 |
|---|---|---|---|---|---|
| Actual | 0.6% | 1.7% | 0.1% | 0.9% | -0.1% |
| Forecast | 0.2% | 0.8% | 0.6% | -0.1% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.90091 | 0.90202 | 0.12% |
| CAD/CHF | 0.74789 | 0.74675 | -0.15% |
| EUR/CAD | 1.46334 | 1.46522 | 0.13% |
| USD/CAD | 1.32723 | 1.32888 | 0.12% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 54.9% | 45.1% |
| CAD/CHF | 62.6% | 37.5% |
| EUR/CAD | 73.3% | 26.7% |
| USD/CAD | 48.1% | 51.9% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 7:15 | EUR | French Flash Services PMI | 53.1 | 53.4 |
| 7:30 | EUR | German Flash Manufacturing PMI | 44.6 | 43.5 |
| 7:30 | EUR | German Flash Services PMI | 54.3 | 54.8 |