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- USD/CAD extends for five days losing, a decrease of 1.30 % this week
- Canadian retail sales increase by 0.8 % in March, with the exception of cars of -0.7 %.
- The US dollar is drowned to the lowest level in the two weeks amid financial concerns and suspended commercial talks.
The Canadian dollar (CAD) strengthens more US dollar (USD) on Friday, which represents a five -day march. USD/CAD decreased approximately 1.30 % this week, with the pair sliding lower than the 1.3800 psychological brand for trading near the lowest level in the two weeks as merchants’ reaction to mixed retail sales data from Canada was.
Loonie’s husband was already under pressure early today because of the widely weak US dollar, before the Canadian retail sales were issued. The couple decreased further after the latest figures issued by Statistics Canada revealed a 0.8 % stronger increase in retail sales for the month of March, overcoming market expectations by 0.7 % and a strong decrease in February -0.5 %. However, Autos Autos retailer surprised the negative side, printing by -0.7 % in March of 0.6 % profit from February.
These retail numbers indicate that consumer spending on a drop track when excluding car sales is excluded, but it is still flexible in general.
“Canadian consumers have not tightened the wallet strings a lot, and it appears to be in the face of the induction uncertainty,” said Andrew Granteham, the leading economists of Cibc Capital Markets.
The Canadian dollar (CAD) also derives support amid widespread weakness in the US dollar. The US dollar index (DXY), which measures the value of the dollar against a basket of six main currencies, has slid to its lowest level in the two weeks to trade near 99.40 during the start of the American trading hours. The decrease in the US dollar comes as the broader feelings are still cautious amid the escalation of American financial risks and global tariff doubts. US President Donald Trump proposed a 50 % tariff on imports from the European Union starting from June 1, citing the negotiations between the two sides. Trump also threatened to put a 25 % tariff on Apple in order to force the iPhone to reproduce the phone in the United States.
Canadian dollar price today
The table below shows the percentage of change in the Canadian dollar (CAD) against the main currencies listed today. The Canadian dollar was the strongest against the US dollar.
US dollar | euro | GBP | JPY | CAD | Aud | Nzd | Chf | |
---|---|---|---|---|---|---|---|---|
US dollar | -0.54 % | -56 % | -0.94 % | -0.71 % | -0.96 % | -1.25 % | -0.92 % | |
euro | 0.54 % | -02 % | -0.39 % | -0.17 % | -0.43 % | -0.70 % | -37 % | |
GBP | 0.56 % | 0.02 % | -0.38 % | -0.14 % | -37 % | -68 % | -0.35 % | |
JPY | 0.94 % | 0.39 % | 0.38 % | 0.26 % | -01 % | -0.29 % | 0.04 % | |
CAD | 0.71 % | 0.17 % | 0.14 % | -26 % | -0.27 % | -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 % | -04 % | 0.21 % | -05 % | -0.32 % |
The heat map shows the percentage changes in the main currencies against each other. The basic currency is chosen from the left column, while the quotation currency is chosen from the top row. For example, if you choose the Canadian dollar from the left column and move along the horizontal line to the US dollar, the percentage offered in the box will represent the CAD (base)/USD (quotation).