The US Dollar appreciated against the Canadian Dollar, following the Canadian GDP release on Friday at 13:30 GMT. The USD/CAD exchange currency rate lost 15 pips or 0.11% after the release. The Greenback continued trading at the 1.3230 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian GDP data, which came out better-than-expected of 0.1% compared with the forecast of 0.0%.
According to the official release: "A major factor in November's increase in GDP was a 2.1% rise in utilities, as a result of unseasonably cold weather in central Canada. This marked the largest growth in utilities in over a year."
| Date | 01.10.19 | 31.10.19 | 29.11.19 | 23.12.19 | 31.01.20 |
|---|---|---|---|---|---|
| Actual | 0.0% | 0.1% | 0.1% | -0.1% | 0.1% |
| Forecast | 0.1% | 0.2% | 0.1% | 0.1% | 0.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.88737 | 0.88664 | -0.08% |
| CAD/CHF | 0.73123 | 0.73159 | 0.05% |
| EUR/CAD | 1.46290 | 1.46172 | -0.08% |
| USD/CAD | 1.32395 | 1.32272 | -0.09% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 58.8% | 41.2% |
| CAD/CHF | 73.1% | 26.9% |
| EUR/CAD | 49.1% | 50.9% |
| USD/CAD | 27.7% | 72.3% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 7:15 | EUR | French Flash Services PMI | 53.1 | 53.4 |
| 7:30 | EUR | German Flash Manufacturing PMI | 44.6 | 43.5 |
| 7:30 | EUR | German Flash Services PMI | 54.3 | 54.8 |
Economic calendar