Macro Trades: EUR/USD, USD/CAD
|EUR/USD: German Flash Manufacturing and Services PMIs
The European Common Currency depreciated against the US Dollar, following the German Flash PMIs survey results release on Monday at 07:30 GMT. The EUR/USD exchange currency rate lost 15 pips or 0.14% right after the release. The Euro continued trading at the 1.0975 level against the US Dollar.
Markit released the German Manufacturing PMI survey result, which came out worse-than-expected of 41.4 compared with the forecast of 44.6.
According to the official release: "The German economy contracted in September, latest flash PMI data showed, as the downturn in manufacturing deepened and service sector growth lost momentum. Job creation meanwhile stalled as firms reported weakening demand and pessimism towards the outlook for activity. The fall in output was accompanied by easing price pressures, with average charges for goods and services rising at the slowest rate for over three years."
USD/CAD: Canadian Retail Sales
The US Dollar appreciated against the Canadian Dollar, following the Canadian Retail Sales on Friday at 12:30 GMT. The USD/CAD exchange currency rate gained 22 pips or 0.17% right after the release. The Greenback continued trading at the 1.3285 level against the Canadian Dollar.
Statistics Canada released the Canadian Core Retail Sales data, which came out worse-than-expected of negative 0.1% compared to the forecast of 0.2%.
According to the official release: "Sales in the retail trade sector advanced for the first time in three months, increasing 0.4% in July to $51.5 billion. Higher sales were reported in 6 of 11 subsectors representing 71% of retail trade. After removing the effects of price changes, retail sales in volume terms were essentially unchanged in July."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.