The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Friday at 13:30 GMT. The USD/CAD exchange currency rate gained 18 pips or 0.14% right after the release. The Greenback continued trading at the 1.3130 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of 0.2% compared with the forecast of 0.5%.
According to the official release: "In November, retail sales rose 0.9% to $51.5 billion, largely offsetting the 1.1% decline in October. The increase was primarily attributable to higher sales at motor vehicle and parts dealers and at food and beverage stores, both of which were down in October. Higher sales were reported in 6 of 11 subsectors, representing 70% of retail trade."
| Date | 20.09.19 | 22.10.19 | 22.11.19 | 20.12.19 | 24.01.20 |
|---|---|---|---|---|---|
| Actual | -0.1% | -0.2% | 0.2% | -0.5% | 0.2% |
| Forecast | 0.2% | 0.0% | -0.1% | 0.2% | 0.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.89844 | 0.89873 | 0.03% |
| CAD/CHF | 0.73945 | 0.73885 | -0.08% |
| EUR/CAD | 1.44857 | 1.44941 | 0.06% |
| USD/CAD | 1.31254 | 1.31341 | 0.07% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 48.1% | 51.9% |
| CAD/CHF | 73.1% | 26.9% |
| EUR/CAD | 68.5% | 31.5% |
| USD/CAD | 40.1% | 59.9% |
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