USD/CAD: Canadian CPI
The US Dollar appreciated against the Canadian Dollar, following the Canadian CPI data release on Wednesday at 12:30 GMT. The USD/CAD exchange currency rate gained 26 pips or 0.19% right after the release. The Greenback continued trading at the 1.3220 level against the Canadian Dollar.
Statistics Canada released the Canadian CPI data, which came out worse-than-expected of negative 0.4% compared to the forecast of negative 0.3%. Note that the US Retail Sales data was published at the same time.
According to the official release: "Prices for goods (+1.3%) rose at a faster rate year over year in September than in the previous month. Conversely, prices for services (+2.2%) rose at a slower pace year over year compared with August."
EUR/USD: US Retail Sales
The European Common Currency appreciated against the US Dollar, following the US Retail Sales data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate gained 19 pips or 0.17% right after the release. The Euro continued trading at the 1.1040 level against the Canadian Dollar.
Census Bureau released the US Retail Sales data, which came out worse-than-expected of negative of 0.3% compared with the forecast of 0.3%.
The US Retail Sales unexpectedly declined at the first time in seven months. According to analysts, this decline might indicate consumers' uncertainty about economic growth.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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