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 0 pips or 0.00% after the release. The Greenback continued trading at the 1.4220 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of 0.0% compared with the forecast of 0.3%.
According to the official release: "For the month of February, rail blockades and the onset of COVID-19 in Canada affected total seasonally adjusted retail sales by a negligible amount. The push for social distancing, self-isolation and—in some cases—quarantine were only being considered at the time, unlike the current situation where these measures are placing new and evolving pressures on consumers, retailers, producers and their supply chains."
| Date | 20.12.19 | 24.01.20 | 21.02.20 | 20.03.20 | 21.04.20 |
|---|---|---|---|---|---|
| Actual | -0.5% | 0.2% | 0.5% | -0.1% | 0.0% |
| Forecast | 0.2% | 0.5% | 0.4% | 0.2% | 0.3% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.89297 | 0.89214 | -0.09% |
| CAD/CHF | 0.68233 | 0.68279 | 0.07% |
| EUR/CAD | 1.54236 | 1.54112 | -0.08% |
| USD/CAD | 1.42235 | 1.42121 | -0.08% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 43.5% | 56.5% |
| CAD/CHF | 26.0% | 74.0% |
| EUR/CAD | 53.2% | 46.8% |
| USD/CAD | 41.7% | 58.3% |
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