The US Dollar traded sideways against the Canadian Dollar, following the Canadian Retail Sales data release on Friday at 13:30 GMT. The USD/CAD exchange currency rate gained 10 pips or 0.08% after the release. The Greenback continued trading at the 1.2925 level against the Greenback after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out better-than-expected of 0.5% compared with the forecast of 0.4%.
According to the official release: "Retail sales were virtually unchanged at $51.6 billion in December, after growing 1.1% in November. Higher sales at building material and garden equipment and supplies dealers, as well as food and beverage stores were more than offset by lower sales at motor vehicle and parts dealers and gasoline stations. Sales were up in 7 of 11 subsectors, representing 49% of retail trade."
| Date | 22.10.19 | 22.11.19 | 20.12.19 | 24.01.20 | 21.02.20 |
|---|---|---|---|---|---|
| Actual | -0.2% | 0.2% | -0.5% | 0.2% | 0.5% |
| Forecast | 0.0% | -0.1% | 0.2% | 0.5% | 0.4% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.8749 | 0.87522 | 0.04% |
| CAD/CHF | 0.74132 | 0.74094 | -0.05% |
| EUR/CAD | 1.43140 | 1.43213 | 0.05% |
| USD/CAD | 1.32522 | 1.32575 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 74.4% | 25.6% |
| CAD/CHF | 63.7% | 36.3% |
| EUR/CAD | 49.8% | 50.2% |
| USD/CAD | 28.9% | 71.1% |
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