Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 20, 2019


USDCAD spot rate: 1.3325 - 1.3330 (as at 7:18am PST)

Ranges:

Asia:

1.3313

to

1.3330

Europe:

1.3309

to

1.3329

North America:

1.3315

to

1.3345

Technical Support / Resistance:

S2

S1

R1

R2

1.3180

1.3244

1.3350

1.3398

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Aug 21

Aug 22

Aug 23

CPI

Wholesale sales

Retail sales

FOMC minutes, existing home sales

Jackson Hole Economic Symposium

New home sales, Markit PMI composite


U.S. stock indexes on Tuesday opened lower as investors appeared to await guidance from the Federal Reserve on monetary policy--a key catalysts for a market that has been beset by worries about an impending economic recession. Investors were watching quarterly reports from major retailers including Home Depot Inc.HD, +4.40% and Kohl's Corp. KSS, -3.53%. Meanwhile, President Donald Trump on Monday said the Fed should cut benchmark rates by 1 percentage point from its current range of 2%-2.25%, which is viewed as aggressive policy for a U.S. economy considered slowing but not in the throes of a recession. A slide in bond yields, as prices gain, has been also unsettling investors. The 10-year Treasury bond yields TMUBMUSD10Y, -3.31% 1.55%, off more than 4 basis points. Currently, the TSX is down 0.45% and the DJIA is down 0.32%. EURCAD is up 0.01% trading between 1.4744 and 1.4783. GBPCAD is unchanged trading between 1.6085 and 1.6231. JPYCAD is up 0.45% trading between 0.01248 and 0.01255. Gold is up 0.54% trading between $1,494 and $1,508USD/oz, silver is up 1.30% trading between $16.85 and $17.14USD/oz, while oil (WTI crude) is up 0.87% trading between $55.20 and $56.60.

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