The US Dollar traded sideways against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 6 pips or 0.04% after the release. The Greenback continued trading at the 1.4150 level against the Canadian Dollar after the release.
Statistics Canada released the Canadian CPI data, which came out worse-than-expected of negative 0.6% compared with the forecast of negative 0.4%.
According to the official release: "Prices rose in six of the eight major components on a year-over-year basis, with shelter prices (+1.9%) contributing the most to the all-items increase. Consumers paid less for transportation (-1.2%) and recreation, education and reading (-0.5%) compared with March 2019."
| Date | 18.12.19 | 22.01.20 | 19.02.20 | 18.03.20 | 22.04.20 |
|---|---|---|---|---|---|
| Actual | -0.1% | 0.0% | 0.3% | 0.4% | -0.6% |
| Forecast | -0.1% | 0.0% | 0.2% | 0.4% | -0.4% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/CAD | 0.89505 | 0.89432 | -0.08% |
| CAD/CHF | 0.68447 | 0.68438 | -0.01% |
| EUR/CAD | 1.53871 | 1.53864 | 0.00% |
| USD/CAD | 1.41508 | 1.41483 | -0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/CAD | 68.2% | 31.8% |
| CAD/CHF | 72.7% | 27.3% |
| EUR/CAD | 49.7% | 50.3% |
| USD/CAD | 29.9% | 70.2% |