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