Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 12, 2019


USDCAD spot rate: 1.3235 - 1.3240 (as at 8:04am PST)

Ranges:

Asia:

1.3213

to

1.3237

Europe:

1.3213

to

1.3250

North America:

1.3216

to

1.3240

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3180

1.3275

1.3314

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Aug 13

Aug 14

Aug 15

Aug 16

CPI

EIA crude oil stocks change

Retail sales, industrial production

Housing starts, consumer sentiment

U.S. stocks slid and Treasuries rose as political unrest in Hong Kong hit markets already on edge over trade tensions. Argentina's peso sank 15% after voters turned on the president in a primary vote. The S&P 500 Index fell back toward 2,900 and is now off 2.5% in August. The overnight session turned sour when authorities closed Hong Kong's airport and a Chinese official said the city was at a "critical juncture." The Stoxx Europe 600 Index erased a 1% advance. Argentina's credit default swap spread spiked higher as investors price in a far greater likelihood of a default. Emerging-market assets slumped. The weakness in stocks fed demand for haven assets, pushing the 10-year Treasury yield lower and boosting the yen for a 4th day. China's central bank fixing continued to signal its determination to manage an orderly depreciation. Italian bonds led gains in European debt after Fitch affirmed the country's credit rating on Friday. The pound strengthened following 3 sessions of declines. Monday's reversals provided another reminder of the fragile mood across markets as it extended the tumultuous start to August. Gains for the safest government bonds show lingering caution by traders who've increased bets for central bank easing in recent weeks, as the U.S. and China escalate their trade war and a slew of global data point to slowing growth. Currently, the TSX is down 0.03% and the DJIA is down 0.75%. EURCAD is up 0.25% trading between 1.4769 and 1.4848. GBPCAD is up 0.45% trading between 1.5879 and 1.6023. JPYCAD is up 0.39% trading between 0.01249 and 0.01260. Gold is up 0.49% trading between $1,488 and $1,508USD/oz, silver is up 0.48% trading between $16.81 and $17.01USD/oz, while oil (WTI crude) is up 0.05% trading between $53.61 and $55.14.

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