The US Dollar traded sideways against the Canadian Dollar, following the Canadian Retail Sales release on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 9 pips or 0.06% after the release. The Greenback continued trading at the 1.4280 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of negative 0.1% compared with the forecast of 0.2%.
According to the official release: "While the impacts of the coronavirus on the retail trade sector will be more noticeable in subsequent months, respondent comments for February note that business activities have been impacted."
| Date | 22.11.19 | 20.12.19 | 24.01.20 | 21.02.20 | 20.03.20 |
|---|---|---|---|---|---|
| Actual | 0.2% | -0.5% | 0.2% | 0.5% | -0.1% |
| Forecast | -0.1% | 0.2% | 0.5% | 0.4% | 0.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.84188 | 0.84227 | 0.05% |
| CAD/CHF | 0.68873 | 0.6885 | -0.03% |
| EUR/CAD | 1.53033 | 1.53039 | 0.00% |
| USD/CAD | 1.42664 | 1.42691 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 71.3% | 28.7% |
| CAD/CHF | 70.5% | 29.5% |
| EUR/CAD | 31.1% | 68.9% |
| USD/CAD | 25.0% | 75.0% |
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