The US Dollar depreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Thursday at 12:30 GMT. The USD/CAD exchange currency rate lost 19 pips or 0.14% right after the release. The US Dollar continued trading at the 1.3390 level against the Canadian Dollar.
Statistics Canada released the Canadian Retail Sales data that came out better-than-expected of 0.6% compared with forecast 0.2%. Note, that the US Retail Sales data was released at the same time.
The increase in the Canadian retail sales was the strongest since May 2018. Car dealers observed the rise in sales. Also, merchandise stores and supermarkets reported large profits.
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| Date | 23.11.18 | 21.12.18 | 23.01.19 | 22.02.19 | 18.04.19 |
|---|---|---|---|---|---|
| Actual | 0.1% | 0.0% | -0.6% | -0.5% | 0.6% |
| Forecast | 0.3% | 0.2% | -0.4% | -0.5% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.95863 | 0.95793 | -0.07% |
| CAD/CHF | 0.75605 | 0.75652 | 0.06% |
| EUR/CAD | 1.50660 | 1.50485 | -0.12% |
| USD/CAD | 1.33943 | 1.33865 | -0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 68.1% | 31.9% |
| CAD/CHF | 39.3% | 60.7% |
| EUR/CAD | 47.8% | 52.3% |
| USD/CAD | 34.0% | 66.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | CPI q/q | - | 0.5% |
| 14:00 | CAD | Overnight Rate | 1.75% | 1.75% |
| 14:30 | USD | Crude Oil Inventories | - | -1.4M |