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The Canadian Dollar weakened against the Greenback, following the Canadian Overnight Rate release on Wednesday. The USD/CAD currency pair gained 69 pips, or 0.55%, which was left with a bounce backwards and continuous fluctuations in the 1.4184 area.
The Bank of Canada released its Overnight Rate data that came out in line with expectations, staying at the same rate for the third consecutive period. However, the bank rate came out as forecasted, it made a significant change in USD/CAD currency pair as well as in other main pairs, where CAD/CHF was shifted even more with a downwards movement of 0.56%.
| Historical Data Table: Canadian Overnight Rate | Economic Calendar for 19.04.2018 | ||||||||
| Date | 25.10.2017 | 06.12.2017 | 17.01.2018 | 07.03.2018 | 18.04.2018 | 1:30 PM | AUD Employment Change | ||
| Actual | 1.00% | 1.00% | 1.25% | 1.25% | 1.25% | 1:30 PM | AUD Unemployment Rate | ||
| Forecast | 1.00% | 1.00% | 1.25% | 1.25% | 1.25% | 8:30 AM | UK Retail Sales m/m | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/CAD | 0.97682 | 0.98161 | 0.49% | AUD/CAD | 71.51% | 28.49% | |||
| CAD/CHF | 0.77004 | 0.76572 | -0.56% | CAD/CHF | 62.30% | 37.70% | |||
| EUR/CAD | 1.55541 | 1.56374 | 0.54% | EUR/CAD | 32.77% | 67.23% | |||
| USD/CAD | 1.2557 | 1.26263 | 0.55% | USD/CAD | 64.84% | 35.16% | |||