USDCAD spot rate: 1.3075 - 1.3080 (as at 7:27am PST)
Ranges: | Asia: | 1.3123 | to | 1.3138 |
Europe: | 1.3069 | to | 1.3134 | |
North America: | 1.3081 | to | 1.3144 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3000 | 1.3040 | 1.3177 | 1.3225 |
Key Economic Data Releases:
- U.S. initial jobless claims 219k (223k exp.) 222k previous
- U.S. consumer price index 1.6% (1.6% exp.) 1.8% previous
Event Calendar:
Date | Canada | U.S.A. |
July 11 July 12 | New housing price index | Jobless claims, consumer price index Producer price index |
U.S. stocks pushed toward new highs and Treasuries retreated after the latest American inflation reading came in hotter than anticipated. The dollar dropped for a second day and gold slipped.
The S&P 500 tested 3,000 again Thursday while the Dow Jones Industrial Average flirted with 27,000 as investors weighed the latest clues on the path for monetary policy. Health-care shares gained after the Trump administration pulled the plug on a proposed overhaul of drug rebates.Federal Reserve Chair Jerome Powell, who struck a dovish tone in questioning before a congressional panel Wednesday, is due back on Capitol Hill today to answer senators' questions. Traders will be eyeing that testimony for further clues after a measure of U.S. consumer prices rose more than forecast in June. Currently, the TSX is down 0.06% and the DJIA is up 0.38%. EURCAD is up 0.01% trading between 1.4690 and 1.4734. GBPCAD is up 0.22% trading between 1.6331 and 1.6409. JPYCAD is up 0.27% trading between 0.01205 and 0.01210. Gold is down 0.27% trading between $1,411 and $1,427USD/oz, silver is up 0.33% trading between $15.17 and $15.31USD/oz, while oil (WTI crude) is up 0.17% trading between $60.44 and $60.93.