USD/CAD: Canadian Trade Balance

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

The US Dollar traded sideways against the US Dollar, following the Canadian Trade balance data release on Thursday at 12:30 GMT. The USD/CAD exchange currency rate lost 7 pips or 0.06% right after the release. The Greenback continued trading at the 1.3390 level against the Canadian Dollar.

Statistics Canada released the Canadian Trade Balance data, which came out better-than-expected of negative 1.0B compared with forecast of negative 2.8B.

According to the official release: "Canada's exports rose 1.3% in April, due mainly to higher exports of gold. Imports decreased 1.4%, mostly on lower imports of aircraft. As a result, Canada's merchandise trade deficit with the world narrowed from $2.3 billion in March to $966 million in April, the lowest deficit since October 2018."


Historical Data: Canadian Trade Balance
Date08.01.1906.03.1917.04.1909.05.1906.05.19
Actual-2.1B-4.6B-2.9B-3.2B-1.0B
Forecast-2.1B-2.4B-3.5B-2.4B-2.8B
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.936210.93594-0.03%
CAD/CHF0.740160.740220.01%
EUR/CAD1.509781.50967-0.01%
USD/CAD1.340691.34009-0.04%
June 6, 2019 Open Positions
PairLongsShorts
AUD/CAD74.5%25.5%
CAD/CHF71.5%28.5%
EUR/CAD45.8%54.2%
USD/CAD41.7%58.4%
Economic Calendar for June 7, 2019
GMTCurrencyEventForecastPrevious
12:30CADEmployment Change8.0K106.5K
12:30USDAverage Hourly Earnings m/m0.3%0.2%
12:30USDNon-Farm Employment Change180K263K
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