Canadian Dollar drops on GDP release

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


On Friday, at 12:30 GMT, the Canadian GDP data was published. Due to being lower than forecast, the GDP data caused a Canadian Dollar drop.

The event caused a 42 base point 15 minute long surge of the USD/CAD currency exchange rate.

On a month-to-month basis the Gross Domestic Product of Canada increased by 0.4%. However, the market consensus forecast was 0.7%.
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Actual Topics

Tue, 02 Nov 2021 10:41:43 GMT

RBA causes AUD drop

On November 2, the Reserve Bank of Australia published its official Cash Rate and Rate Statement. In general, the bank left the Cash Rate unchanged and revealed that it would continue to purchase government assets until February 2022. However, the bank dropped the target of 10 basis points for the 2024 Australian Government bond. Quoting the statement: " maintain the cash rate

Fri, 29 Oct 2021 09:59:43 GMT

01.11.-05.11. US Fed, BoE, RBA and Employment data

During the week, the top event of them all will take place. The US Federal Reserve Rate announcement on Wednesday is bound to take away attention from all the rest of the events. Although, there are still times, during which volatility will increase due to data being published. On Monday, the US ISM Manufacturing PMI will be published at 14:00 GMT.

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