The US Dollar traded sideways against the Canadian Dollar, following the US Retail Sales data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 2 pips or 0.02% after the release. The Greenback continued trading at the 1.3200 level against the Loonie after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of negative 0.4% compared with the forecast of 0.5%.
According to the official release: "Retail sales rose 0.6% to $52.9 billion in July, led by higher sales at motor vehicle and parts dealers and gasoline stations. Core retail sales, which exclude these two subsectors, declined 1.2% on lower sales at building material and garden equipment and supplies dealers as well as at food and beverage stores. Overall, the recovery in total retail sales has been V-shaped, with sales in June and July, respectively, rebounding from the record low observed in April."
| Date | 22.05.20 | 19.06.20 | 21.07.20 | 21.08.20 | 18.09.20 |
|---|---|---|---|---|---|
| Actual | -0.4% | -22.0% | 10.6% | 15.7% | -0.4% |
| Forecast | -4.8% | -12.7% | 11.9% | 14.5% | 0.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.9613 | 0.96116 | -0.01% |
| CAD/CHF | 0.69008 | 0.68988 | -0.03% |
| EUR/CAD | 1.56202 | 1.56176 | -0.02% |
| USD/CAD | 1.31936 | 1.31905 | -0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 25.5% | 74.5% |
| CAD/CHF | 69.4% | 30.7% |
| EUR/CAD | 35.8% | 64.2% |
| USD/CAD | 74.7% | 25.3% |
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