Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 5, 2019


USDCAD spot rate: 1.3210 - 1.3215 (as at 7:20am PST)

Ranges:

Asia:

1.3209

to

1.3234

Europe:

1.3205

to

1.3220

North America:

1.3191

to

1.3219

Technical Support / Resistance:

S2

S1

R1

R2

1.3150

1.3180

1.3290

1.3440

Key Economic Data Releases:

- U.S initial jobless claims 217k (215k exp.) 216k previous

Event Calendar:

Date

Canada

U.S.A.

Sept 6

Net employment change, unemployment rate, Avg hourly wages

ADP employment change, ISM non-mfg

Non-farm payrolls, unemployment rate, Average hourly earnings

Stocks rallied for a second day after the U.S. and China locked in another round of trade talks, while Treasuries extended losses as a gauge of hiring in the private sector showed the biggest rise in four months. The dollar declined. The S&P 500 gained for the fifth time in six sessions after Chinese officials said the two sides would sit down next month to try to resolve the trade war between the world's largest economies. Tech led equity gains as trade-sensitive chipmakers surged, while banks boosted benchmarks amid rising rates. Currently, the TSX is up 0.39% and the DJIA is up 1.56%. EURCAD is up 0.19% trading between 1.4550 and 1.4638. GBPCAD is up 0.50% trading between 1.6132 and 1.6307. JPYCAD is down 0.41% trading between 0.01234and 0.01243. Gold is down 1.77% trading between $1,523 and $1,551USD/oz, silver is down 0.61% trading between $18.98 and $19.57USD/oz, while oil (WTI crude) is up 0.90% trading between $55.76 and $57.05.

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