USD/CAD: Canadian GDP

Note: This section contains information in English only.
Source: Dukascopy Bank SA

The US Dollar depreciated against the Canadian Dollar, following the Canadian GDP release on Friday at 12:30 GMT. The USD/CAD currency pair lost 54 pips or 0.40% right after the release. The US Dollar continued trading at the 1.3370 level against the Canadian Dollar.

The Statistics Canada released the Canadian GDP data, which came better-than-expected of 0.3% compared with forecasted 0.1%.

Josh Nye, senior economist at Royal Bank of Canada, said: "Gains were broadly-based with 18 of 20 industries expanding in the month. The energy sector was less of a drag than we thought, though oil and gas output still fell as Alberta's mandatory production cuts took effect. Construction and manufacturing industries posted solid gains after softening toward the end of last year. The services sector grew at a trend-like pace, having provided consistent support over this recent soft patch in growth."


Watch The Live Cover: Click Here
Past Releases: Canadian GDP m/m
Date29.06.201831.07.201828.08.201828.08.201829.03.2019
Actual0.1%0.5%0.2%0.2%0.3%
Forecast0.0%0.3%0.1%0.1%0.1%
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.952060.94908-0.31%
CAD/CHF0.741970.744360.32%
EUR/CAD1.50771.50261-0.34%
USD/CAD1.342161.33674-0.40%
Mar 29, 2019 Open Positions
PairLongsShorts
AUD/CAD44.4%55.6%
CAD/CHF66.5%33.5%
EUR/CAD27.5%72.5%
USD/CAD37.9%62.1%
Economic Calendar for Apr 1, 2019
GMTCurrencyEventForecastPrevious
8:30GBPManufacturing PMI5352
12:30USDRetail Sales m/m0.3%0.2%
14:00USDISM Manufacturing PMI54.554.2
Back to articles

Actual Topics

Mon, 01 Apr 2019 15:12:45 GMT

EUR/USD: US Retail Sales

The Euro appreciated against the US Dollar, following the US Retail Sales release on Monday at 12:30 GMT. The EUR/USD currency pair gained 13 pips or 0.12% right after the release. The Euro continued trading at the 1.1235 level against the US Dollar.

Fri, 29 Mar 2019 13:09:31 GMT

GBP/USD: UK Current Account

The British Pound depreciated against the US Dollar, following the UK Current Account release on Friday at 9:30 GMT. The GBP/USD exchange rate lost 25 pips or 0.19% right after the release. The British Pound continued trading at the 1.3030 level against the US Dollar.

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.