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The Canadian Dollar was little changed against the Greenback following the dissapoitnting report showing a fall in the country's manufacturing sales. The USD/CAD currency pair continued the upmove, targeting the 1.2820 mark.
Canada's manufacturing sales dropped unexpectedly 0.4% in October, affected by weaker auto sales and transportation equipment, Statistics Canada reported on Friday. Data also showed that sales fell in one third of all industries, representing 56% of the country's manufacturing sector, while volumes decreased by 1.5%. However, new orders grew 5.3%, the most since early 2016, providing a promising sign for improvements in the Canadian economy.
| Historical Data Table: Canadian Manufacturing Sales | Economic Calendar for 18.12.2017 | ||||||||
| Date | 17.08.2017 | 19.09.2017 | 18.10.2017 | 16.11.2017 | 15.12.2017 | 10:00 AM | EUR Final CPI y/y | ||
| Actual | -1.9% | -2.6% | 1.4% | 0.4% | -0.4% | 1:30 PM | CAD IT in Securities | ||
| Forecast | -1.0% | -1.7% | -0.1% | -0.4% | 0.9% | 3:00 PM | NAHB Housing Market Index | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.97993 | 0.98029 | 0.04% | AUD/CAD | 73.93% | 26.07% | |||
| CAD/CHF | 0.77494 | 0.77449 | -0.06% | CAD/CHF | 35.70% | 64.30% | |||
| EUR/CAD | 1.5069 | 1.50783 | 0.06% | EUR/CAD | 28.35% | 71.65% | |||
| USD/CAD | 1.27684 | 1.27709 | 0.02% | USD/CAD | 47.78% | 52.22% | |||