Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 6, 2019


VBCE Daily Foreign Exchange Update for Tuesday, Aug 6, 2019

USDCAD spot rate: 1.3225 - 1.3230 (as at 7:22am PST)

Ranges:

Asia:

1.3187

to

1.3220

Europe:

1.3190

to

1.3208

North America:

1.3195

to

1.3236

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3180

1.3266

1.3300

Key Economic Data Releases:

- No major economic releases

Event Calendar:

Date

Canada

U.S.A.

Aug 7

Aug 8

Aug 9

Ivey PMI

New housing price index

Net employment change, unemployment rate, avg. hourly wages, housing starts, building permits

EIA crude oil stocks change

Jobless claims

Producer price index

U.S. and European stocks clawed back some of their recent losses after China moved to stabilize its currency, providing a respite for investors stung by an escalation in trade tensions.The S&P 500 Index rose as much as 1% while manufacturing shares led the Stoxx Europe 600 higher as China fixed the yuan at stronger than 7 per dollar, the level that spurred a global sell-off Monday. The dollar steadied and gold held near a six-year high, while Treasuries gave back some of yesterday's surge, when they reached the most extreme yield-curve inversion since the lead-up to the 2008 financial crisis.Currently, the TSX is down 0.59% and the DJIA is up 0.73% . EURCAD is down 0.50% trading between 1.4757 and 1.4862. GBPCAD is up 0.30% trading between 1.6012 and 1.6131 . JPYCAD is down 0.85% trading between 0.01233 and 0.01251 . Gold is down 0.35% trading between $1,456 and $1,474USD/oz while oil (WTI crude) is up 0.60% trading between $54.01 and $55.41

.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group

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