- USD/CAD extends a five -day series of losers, which is almost 1.30% this week
- Canadian retail sales will escalate by 0.8% in March, excluding cars reached -0.7%.
- The American Dollar is drowning with a two -week low level of fiscal fears and detained trading talks.
The Canadian dollar (CAD) further strengthens the American dollar (USD) on Friday, marking a five -day rally. This week, USD/CAD fell by almost 1.30%, and the couple fell below the psychological sign 1.3800 to trade close to the most magnificent lowest level, because traders reacted to mixed data on retail sales from Canada.
The Liono pair was already under pressure on the same day because of the widely faint American dollar, before spending a Canadian retail sales. The couple continued to fall on the latest data issued by Statistics Canada, revealed a stronger than the expected escalate in retail sales in March, beating the market forecast by 0.7% and a solid reflection from the decline in February with a value of -0.5%. However, the retail sales ex Autos surprised the minus, printed at the level of -0.7% in March from profit in February 0.6%.
These data on retail suggests that consumer expenditure is on inheritance trajectory, when the sale of cars is excluded, but generally remains resistant.
Responding to data, Andrew Grantham, a senior economist from CIBC Capital Markets, said: “Canadian consumers did not exacerbate the purse too much, it seems that in the face of tariff uncertainty.”
The Canadian dollar (CAD) also receives support among the wide weakness of USD. The American dollar indicator (DXY), which measures the value of USD in relation to the basket of six main currencies, fell to the two -week lowest level of trade near 99.40 at the beginning of American commercial hours. The decrease in the American dollar comes because wider sentiments remain cautious due to the growing tax threats and global tariff uncertainty. US President Donald Trump proposed a 50% tariff for imports from the European Union from June 1, citing detained negotiations between the two sides. Trump also threatened to place 25% of Apple tariffs to force the iPhone manufacturer to change the production of the phone in the USA.
Canadian dollar price today
The table below shows a percentage change in the Canadian dollar (CAD) compared to the stock exchange main currencies. The Canadian dollar was the strongest in relation to the American dollar.
| USD | EUR | GBP | JPy | BOOR | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.54% | -0.56% | -0.94% | -0.71% | -0.96% | -1.25% | -0.92% | |
| EUR | 0.54% | -0.02% | -0.39% | -0.17% | -0.43% | -0.70% | -0.37% | |
| GBP | 0.56% | 0.02% | -0.38% | -0.14% | -0.37% | -0.68% | -0.35% | |
| JPy | 0.94% | 0.39% | 0.38% | 0.26% | -0.01% | -0.29% | 0.04% | |
| BOOR | 0.71% | 0.17% | 0.14% | -0.26% | -0.27% | -0.53% | -0.21% | |
| Aud | 0.96% | 0.43% | 0.37% | 0.00% | 0.27% | -0.27% | 0.05% | |
| NZD | 1.25% | 0.70% | 0.68% | 0.29% | 0.53% | 0.27% | 0.32% | |
| CHF | 0.92% | 0.37% | 0.35% | -0.04% | 0.21% | -0.05% | -0.32% |
The heat map shows percentage changes in the main currencies towards each other. The basic currency is collected from the left, and the quote currency is collected from the upper order. For example, if you choose a Canadian dollar on the left column and move along the horizontal line to the American dollar, the percentage shift displayed in the field will represent CAD (Base)/USD (quote).
