Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 11, 2019


USDCAD spot rate: 1.3173 - 1.3178 (as at 8:10am PST)

Ranges:

Asia:

1.3139

to

1.3157

Europe:

1.3139

to

1.3167

North America:

1.3158

to

1.3178

Technical Support / Resistance:

S2

S1

R1

R2

1.3070

1.3121

1.3209

1.3250

Key Economic Data Releases:

- U.S. price index: 0.1% (exp 0.0% / prev 0.2%)

Event Calendar:

Date

Canada

U.S.A.

Sept 12

Sept 13

New housing price index

CPI, jobless claims

Retail sales, consumer sentiment index

The technology, energy and industrial sectors led U.S. stocks higher after shares advanced broadly in Europe and Asia. The dollar strengthened, while benchmark Treasury yields lingered near one-month highs. After a rotation earlier this week from growth to value shares, the Nasdaq Composite rose for the first time in four days as Apple's cheaper priced iPhone gave analysts reason to cheer. President Donald Trump urged the Federal Reserve to cut interest rates to "zero, or less," in a tweet, while China moved to lessen the trade war's repercussions by announcing a range of U.S. goods to be exempted from 25% extra tariffs put in place last year. Equities are rebounding in September on hopes for fresh monetary stimulus from the European Central Bank on Thursday and the Fed next week, while market-supportive measures by China helped lift sentiment. Strong monetary easing is not a given, though, with some investors dialing back their expectations of accommodation and bond traders pulling back from the more bullish sentiment of August. Currently, the TSX is up 0.25% and the DJIA is up 0.26%. EURCAD is down 0.27% trading between 1.4453 and 1.4484. GBPCAD is up 0.11% trading between 1.6209 and 1.6271. JPYCAD is up 0.08% trading between 0.01218 and 0.01222. Gold is up 0.62% trading between $1,486 and $1,496USD/oz, silver is up 0.65% trading between $17.88 and $18.25USD/oz, while oil (WTI crude) is down 0.38% trading between $57.19 and $58.30.

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