The US Dollar traded sideways against the Canadian Dollar, following the Canadian Trade Balance data release on Tuesday at 13:30 GMT. The USD/CAD exchange currency rate gained 2 pips or 0.02% right after the release. The Greenback continued trading at the 1.3134 level against the Greenback.
Statistics Canada released the Canadian Trade Balance data, which came out worse-than-expected of negative 1.0B compared with the forecast of negative 0.6B.
According to the official release: "Total imports fell 1.7% to $50.8 billion in September. Declines were observed in 7 of 11 product sections, while the other sections posted modest increases. Total imports in the first nine months of the year were up 1.7% compared with the same period in 2018. In real (or volume) terms, imports were down 1.6% in September."
| Date | 03.07.19 | 02.08.19 | 04.09.19 | 04.10.19 | 05.11.19 |
|---|---|---|---|---|---|
| Actual | 0.8B | 0.1B | -1.1B | -1.0B | -1.0B |
| Forecast | -1.7B | -0.3B | 0.2B | -1.1B | -0.6B |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.90771 | 0.90767 | 0.00% |
| CAD/CHF | 0.75491 | 0.75478 | -0.02% |
| EUR/CAD | 1.45838 | 1.45849 | 0.01% |
| USD/CAD | 1.31326 | 1.31338 | 0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 45.2% | 54.8% |
| CAD/CHF | 66.8% | 33.2% |
| EUR/CAD | 71.4% | 28.6% |
| USD/CAD | 52.4% | 47.6% |
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