The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales data release on Tuesday at 12:30 GMT. The USD/CAD exchange currency rate gained 13 pips or 0.10% right after the release. The Greenback continued trading at the 1.3115 level against the Canadian Dollar.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than expected of negative 0.2% compared with the forecast of 0.0%.
According to the official release: "Sales in the retail trade sector edged down 0.1% in August to $51.5 billion. Sales were down in six subsectors, representing 51% of retail trade. After removing the effects of price changes, retail sales in volume terms increased 0.2%."
| Date | 22.05.19 | 21.06.19 | 23.08.19 | 20.09.19 | 22.10.19 |
|---|---|---|---|---|---|
| Actual | 1.7% | 0.1% | 0.9% | -0.1% | -0.2% |
| Forecast | 0.8% | 0.6% | -0.1% | 0.2% | 0.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.89831 | 0.89874 | 0.05% |
| CAD/CHF | 0.75455 | 0.754 | -0.07% |
| EUR/CAD | 1.45841 | 1.4592 | 0.05% |
| USD/CAD | 1.31009 | 1.31084 | 0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 54.1% | 45.9% |
| CAD/CHF | 65.9% | 34.1% |
| EUR/CAD | 74.3% | 25.7% |
| USD/CAD | 59.0% | 41.0% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 07:15 | EUR | French Flash Services PMI | 51.6 | 51.1 |
| 07:30 | EUR | German Flash Manufacturing PMI | 42.0 | 41.7 |
| 12:45 | EUR | Main Refinancing Rate | 0.00% | 0.00% |