USD/CAD: Canadian Trade Balance

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

The US Dollar traded sideways against the Canadian Dollar, following the Canadian Trade Balance data release on Friday at 12:30 GMT. The USD/CAD exchange currency rate lost 9 pips or 0.07% right after the release. The Greenback continued trading at the 1.3245 level against the Canadian Dollar.

Statistics Canada released the Canadian Trade Balance data, which came out better-than-expected of 0.1B compared with the forecast of –0.3B. Note, that the US Employment data set was released at the same time.

According to the official release: "Canada's exports were down 5.1% in June, while imports fell 4.3%, both due in part to significant decreases in crude oil, as well as aircraft and other transportation equipment and parts. As a result, Canada's merchandise trade balance remained in a surplus position, settling at $136 million after posting a $556 million surplus in May. The narrow surplus in June represented 0.1% of total monthly merchandise trade and is within the typical margins for revisions to the trade balance in subsequent months."


Historical Data: Canadian Trade Balance
Date17.04.1909.05.1906.05.1903.07.1902.08.19
Actual-2.9B-3.2B-1.0B0.8B0.1B
Forecast-3.5B-2.4B-2.8B-1.7B-0.3B
Initial Reaction on Main Pairs
PairOpenCloseChange
AUD/CAD0.898190.89796-0.03%
CAD/CHF0.743930.74365-0.04%
EUR/CAD1.470391.4698-0.04%
USD/CAD1.324361.32428-0.01%
Aug 1, 2019 Open Positions
PairLongsShorts
AUD/CAD74.2%25.8%
CAD/CHF71.4%28.7%
EUR/CAD73.3%26.7%
USD/CAD49.6%50.4%
Economic Calendar for Aug 5, 2019
GMTCurrencyEventForecastPrevious
14:00USDISM Non-Manufacturing PMI55.555.1
12:30NZDEmployment Change q/q0.3%-0.2%
12:30NZDUnemployment Rate4.3%4.2%

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