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The Canadian Dollar weakened against the Greenback, following Canadian CPI data release on Friday. The USD/CAD currency pair gained 71 pips, or 0.56%, to continue fluctuating in the 1.2880 area.
The Statistics Canada simultaneously released seven data sets, where Consumer Price Index came in line with economists expectations of 0.3% in month-to-month basis for the period of April.
However, USD/CAD currency change in the market was made due to other data releases, such as Core Retail Sales, which came lower-than-expected of negative 0.2%, instead of the forecast of 0.5% and 0.0% in the previous period.
| Historical Data Table: Canadian CPI m/m | Economic Calendar for 21.05.2018 | ||||||||
| Date | 26.01.2018 | 23.02.2018 | 23.03.2018 | 20.04.2018 | 18.05.2018 | 3:00 AM | NZD Credit Card Spending y/y | ||
| Actual | -0.40% | 0.70% | 0.60% | 0.30% | 0.30% | 2:30 PM | AUD CB Leading Index m/m | ||
| Forecast | -0.30% | 0.40% | 0.40% | 0.40% | 0.30% | 3:30 PM | US FOMC Memb. Bostic Speaks | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.96178 | 0.96574 | 0.41% | AUD/CAD | 72.52% | 27.48% | |||
| CAD/CHF | 0.78053 | 0.77662 | -0.50% | CAD/CHF | 37.21% | 62.79% | |||
| EUR/CAD | 1.50792 | 1.51549 | 0.50% | EUR/CAD | 47.30% | 52.70% | |||
| USD/CAD | 1.27965 | 1.28699 | 0.57% | USD/CAD | 54.63% | 45.37% | |||