The US Dollar depreciated against the Canadian Dollar, following the Canadian Trade Balance data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3306 level against the Canadian Dollar.
Statistics Canada released the Canadian Trade Balance data, which came out slightly better-than-expected of negative 1.0B compared with the forecast of negative 1.1B. Note that the US Employment data was released at the same time.
According to the official release: "Canada's exports rose 1.8% in August, mainly due to an increase in exports of energy products and aircraft. Imports were up 1.0%, mostly on higher imports of gold and crude oil. As a result, Canada's merchandise trade deficit narrowed from $1.4 billion in July to $955 million in August."
| Date | 06.06.19 | 03.07.19 | 02.08.19 | 04.09.19 | 04.10.19 |
|---|---|---|---|---|---|
| Actual | -1.0B | 0.8B | 0.1B | -1.1B | -1.0B |
| Forecast | -2.8B | -1.7B | -0.3B | 0.2B | -1.1B |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.90002 | 0.89982 | -0.02% |
| CAD/CHF | 0.7476 | 0.74755 | -0.01% |
| EUR/CAD | 1.46207 | 1.4609 | -0.08% |
| USD/CAD | 1.33139 | 1.33078 | -0.05% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 56.2% | 43.9% |
| CAD/CHF | 66.8% | 33.2% |
| EUR/CAD | 71.1% | 28.9% |
| USD/CAD | 41.3% | 58.7% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 0:30 | AUD | NAB Business Confidence | - | 1 |
| 12:30 | USD | Core PPI m/m | 0.2% | 0.3% |
| 12:30 | USD | PPI m/m | 0.1% | 0.1% |