The US Dollar appreciated against the Canadian Dollar, following the Canadian GDP data release on Thursday at 12:30 GMT. The USD/CAD exchange currency rate gained 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3160 level against the Greenback.
Statistics Canada released the Canadian GDP data, which came out worse-than-expected of 0.1% compared with the forecast of 0.2%.
According to the official release: " Real gross domestic product edged up 0.1% in August, following no change in July. Goods-producing industries were up 0.2% after two months of declines, led by a rebound in manufacturing, while services-producing industries edged up 0.1%. Overall, there were gains in 14 out of 20 industrial sectors. On a three-month rolling average basis, real gross domestic product rose 0.5% in August, compared with a 0.8% increase in July."
| Date | 28.06.19 | 31.07.19 | 30.08.19 | 01.10.19 | 31.10.19 |
|---|---|---|---|---|---|
| Actual | 0.3% | 0.2% | 0.2% | 0.0% | 0.1% |
| Forecast | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.9091 | 0.90925 | 0.02% |
| CAD/CHF | 0.74993 | 0.74938 | -0.07% |
| EUR/CAD | 1.46924 | 1.46973 | 0.03% |
| USD/CAD | 1.31633 | 1.31675 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 49.5% | 50.5% |
| CAD/CHF | 67.4% | 32.6% |
| EUR/CAD | 73.8% | 26.2% |
| USD/CAD | 63.2% | 36.8% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 12:30 | USD | Average Hourly Earnings m/m | 48.2% | 48.3 |
| 12:30 | USD | Non-Farm Employment Change | 90K | 136K |
| 14:00 | USD | ISM Manufacturing PMI | 49.0 | 47.8 |