Macro Releases: USD/CAD, EUR/USD

Dukascopy Bank Team Dukascopy Bank SA

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.

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Dukascopy Bank Team

Dukascopy Bank SA

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