The US Dollar appreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 26 pips or 0.19% right after the release. The Greenback continued trading at the 1.3220 level against the Canadian Dollar.
Statistics Canada released the Canadian CPI data, which came out worse-than-expected of negative 0.4% compared to the forecast of negative 0.3%. Note that the US Retail Sales data was published at the same time.
According to the official release: "Prices for goods (+1.3%) rose at a faster rate year over year in September than in the previous month. Conversely, prices for services (+2.2%) rose at a slower pace year over year compared with August."
| Date | 19.06.19 | 17.07.19 | 21.08.19 | 18.09.19 | 16.10.19 |
|---|---|---|---|---|---|
| Actual | 0.4% | -0.2% | 0.5% | -0.1% | -0.4% |
| Forecast | 0.1% | -0.3% | 0.1% | -0.2% | -0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.88915 | 0.89008 | 0.10% |
| CAD/CHF | 0.75497 | 0.75387 | -0.15% |
| EUR/CAD | 1.45763 | 1.46012 | 0.17% |
| USD/CAD | 1.32123 | 1.3221 | 0.07% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 56.3% | 43.7% |
| CAD/CHF | 61.3% | 38.7% |
| EUR/CAD | 73.1% | 27.0% |
| USD/CAD | 52.0% | 48.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 0:30 | AUD | Employment Change | 15.3K | 34.7K |
| 8:30 | GBP | Retail Sales m/m | -0.1% | -0.2% |
| 12:30 | USD | Philly Fed Manufacturing Index | 7.3 | 12.0 |