USD/CAD: Canadian CPI

Source: Dukascopy Bank SA

The US Dollar appreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 26 pips or 0.19% right after the release. The Greenback continued trading at the 1.3220 level against the Canadian Dollar.

Statistics Canada released the Canadian CPI data, which came out worse-than-expected of negative 0.4% compared to the forecast of negative 0.3%. Note that the US Retail Sales data was published at the same time.

According to the official release: "Prices for goods (+1.3%) rose at a faster rate year over year in September than in the previous month. Conversely, prices for services (+2.2%) rose at a slower pace year over year compared with August."

Historical Data: Canadian CPI m/m
Date19.06.1917.07.1921.08.1918.09.1916.10.19
Actual0.4%-0.2%0.5%-0.1%-0.4%
Forecast0.1%-0.3%0.1%-0.2%-0.3%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.889150.890080.10%
CAD/CHF0.754970.75387-0.15%
EUR/CAD1.457631.460120.17%
USD/CAD1.321231.32210.07%
Oct 16, 2019 Open Positions
PairLongsShorts
AUD/CAD56.3%43.7%
CAD/CHF61.3%38.7%
EUR/CAD73.1%27.0%
USD/CAD52.0%48.0%
Economic Calendar for Oct 17, 2019
GMTCurrencyEventForecastPrevious
0:30AUDEmployment Change15.3K34.7K
8:30GBPRetail Sales m/m-0.1%-0.2%
12:30USDPhilly Fed Manufacturing Index7.312.0

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