Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 23, 2019


USDCAD spot rate: 1.3272 - 1.3277 (as at 8:00am PST)

Ranges:

Asia:

1.3266

to

1.3301

Europe:

1.3262

to

1.3305

North America:

1.3266

to

1.3285

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3247

1.3316

1.3365

Key Economic Data Releases:

- Canadian wholesale sales: 1.7% (exp 0.0% / prev 0.7%)

- U.S. markit mfg PMI: 51.0 (exp 50.3 / prev 50.3)

Event Calendar:

Date

Canada

U.S.A.

Sept 24

Sept 25

Sept 26

Sept 27

House price index, consumer confidence

New home sales, EIA crude oil stocks

GDP Q2, jobless claims

Durable goods orders, consumer sentiment

U.S. stocks fell for a second day and equities in Europe tumbled after data from the euro-area raised the specter of a prolonged downturn. Treasuries rose on mixed American data. The S&P 500 was lower amid IHS Markit data that largely met expectations, although a gauge of employment in services industries pointed to job losses for the first time in almost a decade. Similar readings in Germany and France fell far short of estimates, sending stocks in the region down 1%. U.S. Futures had been higher overnight on signs of easing trade tensions. American money-market interest rates held steady. The employment reading suggested U.S. job gains will slow further, after the 4-month average of hiring at companies fell to the lowest since 2012. The gloomy data from the heart of the euro area was a stark reminder to investors of the fragility of the global economy. While markets remain on edge ahead of next month's planned high-level trade talks between the U.S. and China, they're also fixated on any action or messaging from the world's major central banks that could support growths. Currently, the TSX is down 0.08% and the DJIA is down 0.12%. EURCAD is up 0.01% trading between 1.4564 and 1.4635. GBPCAD is down 0.18% trading between 1.6467 and 1.6579. JPYCAD is up 0.33% trading between 0.01229 and 0.01238. Gold is up 0.68% trading between $1,510 and $1,526USD/oz while silver is up 3.54% trading between $17.91 and $18.64. Oil (WTI crude) is up 0.03% trading between $57.67 and $58.88.

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