Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 13,2019

VBCE Daily Foreign Exchange Update for Tuesday, Aug 13, 2019

USDCAD spot rate: 1.3235 - 1.3240 (as at 7:14am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. CPI 1.8% (1.7% exp.) 1.6% previous

Event Calendar:

U.S. stocks rallied after the Trump administration said it will delay tariffs on some Chinese goods until December, while Treasuries fell after a pickup in inflation dented arguments for cutting interest rates. The S&P 500 Index spiked higher after trade officials named a broad swath of consumer goods that would be spared from tariffs at the current Sept. 1 deadline. Apple and Caterpillar surged more than 4%, while makers of computer hardware and chips pushed the Nasdaq 100 higher by 2%. Oil surged, the dollar strengthened and gold plunged. The trade headlines sparked demand for risk assets that had been under pressure for more than a week as investors grew increasingly concerned the spat with China would slam global growth. Rising tension in Hong Kong and Argentina had added to the poor sentiment. The narrowing of the yield curve kept gains in check, as the recession signal emanating from the bond market grew louder. Currently, the TSX is up 0.03% and the DJIA is up 1.61%. EURCAD is down 0.25% trading between 1.4775 and 1.4914. GBPCAD is up 0.05% trading between 1.5952 and 1.6073. JPYCAD is down 1.39% trading between 0.01241 and 0.01261. Gold is down 1.19% trading between $1,480 and $1,535USD/oz, silver is down 1.08% trading between $16.54 and $17.50USD/oz, while oil (WTI crude) is up 2.05% trading between $54.27 and $56.54.

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