The US Dollar traded sideways against the Canadian Dollar, following the Canadian Retail Sales data release on Tuesday at 12:30 GMT. The USD/CAD exchange currency rate lost 1 pips or 0.00% after the release. The Greenback continued trading at the 1.3460 level against the Loonie after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of 10.6% compared with the forecast of 11.9%.
According to the official release: "Based on respondent feedback, approximately 23% of retailers were closed during May. The average length of shutdown was five business days. Despite these challenging times, many retailers reported their sales figures and Statistics Canada thanks them for their continued collaboration."
| Date | 20.03.20 | 21.04.20 | 22.05.20 | 19.06.20 | 21.07.20 |
|---|---|---|---|---|---|
| Actual | -0.1% | 0.0% | -0.4% | -22.0% | 10.6% |
| Forecast | 0.2% | 0.3% | -4.8% | -12.7% | 11.9% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.95377 | 0.95427 | 0.05% |
| CAD/CHF | 0.6974 | 0.69716 | -0.03% |
| EUR/CAD | 1.54033 | 1.54008 | -0.02% |
| USD/CAD | 1.34528 | 1.34522 | 0.00% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 27.4% | 72.6% |
| CAD/CHF | 63.4% | 36.6% |
| EUR/CAD | 26.2% | 73.8% |
| USD/CAD | 43.8% | 56.2% |
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