The US Dollar depreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 10 pips or 0.08% after the release. The Greenback continued trading at the 1.3560 level against the Greenback after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of negative 22.0% compared with the forecast of negative 12.7%.
According to the official release: "While essential retailers such as supermarkets and other grocery stores, convenience stores, pharmacies, gasoline stations and beer, wine and liquor stores remained open with reduced hours, most Canadian retailers did not offer in-store shopping in April. Nevertheless, many retailers started or expanded their online presence and curbside pick-up services in response to the closures."
| Date | 21.02.20 | 20.03.20 | 21.04.20 | 22.05.20 | 19.06.20 |
|---|---|---|---|---|---|
| Actual | 0.5% | -0.1% | 0.0% | -0.4% | -22.0% |
| Forecast | 0.4% | 0.2% | 0.3% | -4.8% | -12.7% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.93582 | 0.93644 | 0.07% |
| CAD/CHF | 0.7004 | 0.70038 | 0.00% |
| EUR/CAD | 1.52272 | 1.52468 | 0.13% |
| USD/CAD | 1.35639 | 1.35503 | -0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 29.1% | 70.9% |
| CAD/CHF | 58.8% | 41.2% |
| EUR/CAD | 41.9% | 58.1% |
| USD/CAD | 55.5% | 44.5% |
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