The US Dollar traded sideways against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 3 pips or 0.02% after the release. The Greenback continued trading at the 1.3890 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian CPI data, which came out worse-than-expected of negative 0.7% compared with the forecast of negative 0.6%.
According to the official release: "The Consumer Price Index (CPI) fell 0.2% on a year-over-year basis in April, down from a 0.9% gain in March. This was the first year-over-year decline in the CPI since September 2009. The CPI declined as energy prices fell as a result of the COVID-19 pandemic."
| Date | 22.01.20 | 19.02.20 | 18.03.20 | 22.04.20 | 20.05.20 |
|---|---|---|---|---|---|
| Actual | 0.0% | 0.3% | 0.4% | -0.6% | -0.7% |
| Forecast | 0.0% | 0.2% | 0.4% | -0.4% | -0.6% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.91436 | 0.91339 | -0.11% |
| CAD/CHF | 0.69532 | 0.69552 | 0.03% |
| EUR/CAD | 1.52245 | 1.52157 | -0.06% |
| USD/CAD | 1.38892 | 1.38929 | 0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 43.3% | 56.7% |
| CAD/CHF | 64.3% | 35.7% |
| EUR/CAD | 53.2% | 46.9% |
| USD/CAD | 38.0% | 62.0% |
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