Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 11, 2019


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.

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