The US Dollar appreciated against the Canadian Dollar, following the Canadian GDP release on Monday at 13:30 GMT. The USD/CAD exchange currency rate gained 13 pips or 0.09% right after the release. The Greenback continued trading at the 1.169 level against the Canadian Dollar.
Statistics Canada released the Canadian GDP data, which came out worse-than-expected of negative 0.1% compared with the forecast of 0.1%.
According to the official release: "Real gross domestic product edged down 0.1% in October, the first decline in eight months. Goods-producing industries were down 0.5%, the second consecutive monthly decline. Services-producing industries were essentially unchanged as increases in most sectors compensated for declines in wholesale trade and retail trade. Overall, 13 of 20 industrial sectors posted increases in October."
| Date | 30.08.19 | 01.10.19 | 31.10.19 | 29.11.19 | 23.12.19 |
|---|---|---|---|---|---|
| Actual | 0.2% | 0.0% | 0.1% | 0.1% | -0.1% |
| Forecast | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.91064 | 0.91116 | 0.06% |
| CAD/CHF | 0.74608 | 0.74523 | -0.11% |
| EUR/CAD | 1.45706 | 1.45802 | 0.07% |
| USD/CAD | 1.316 | 1.31692 | 0.07% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 39.5% | 60.5% |
| CAD/CHF | 72.0% | 28.1% |
| EUR/CAD | 74.2% | 25.8% |
| USD/CAD | 46.1% | 53.9% |
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