USD/CAD: Canadian Trade Balance

Source: Dukascopy Bank SA

The US Dollar depreciated against the Canadian Dollar, following the Canadian Trade Balance data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3306 level against the Canadian Dollar.

Statistics Canada released the Canadian Trade Balance data, which came out slightly better-than-expected of negative 1.0B compared with the forecast of negative 1.1B. Note that the US Employment data was released at the same time.

According to the official release: "Canada's exports rose 1.8% in August, mainly due to an increase in exports of energy products and aircraft. Imports were up 1.0%, mostly on higher imports of gold and crude oil. As a result, Canada's merchandise trade deficit narrowed from $1.4 billion in July to $955 million in August."


Historical Data: Canadian Trade Balance
Date06.06.1903.07.1902.08.1904.09.1904.10.19
Actual-1.0B0.8B0.1B-1.1B-1.0B
Forecast-2.8B-1.7B-0.3B0.2B-1.1B
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.900020.89982-0.02%
CAD/CHF0.74760.74755-0.01%
EUR/CAD1.462071.4609-0.08%
USD/CAD1.331391.33078-0.05%
Oct 4, 2019 Open Positions
PairLongsShorts
AUD/CAD56.2%43.9%
CAD/CHF66.8%33.2%
EUR/CAD71.1%28.9%
USD/CAD41.3%58.7%
Economic Calendar for Oct 8 , 2019
GMTCurrencyEventForecastPrevious
0:30AUDNAB Business Confidence-1
12:30USDCore PPI m/m0.2%0.3%
12:30USDPPI m/m0.1%0.1%
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Actual Topics

Wed, 09 Oct 2019 10:54:15 GMT

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Fri, 04 Oct 2019 14:10:18 GMT

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