Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 22,2019


VBCE Daily Foreign Exchange Update for Tuesday, Oct. 22, 2019

USDCAD spot rate: 1.3105 - 1.3110 (as at 7:25am PST)

Ranges:

Asia:

1.3119

to

1.3138

Europe:

1.3097

to

1.3126

North America:

1.3099

to

1.3111

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3070

1.3144

1.3200

Key Economic Data Releases:

- Canadian Retail sales -0.1% (0.4% exp.) 0.6% previous

Event Calendar:

Date

Canada

U.S.A.

Oct 23

Oct 24

Oct 25

Wholesale sales

Housing price index

Durable goods orders, new home sales

Consumer sentiment index

Tepid trading to start the day as China / U.S. trade issues continue to headline the news. Disappointing Canadian retail sales data hurt the Canadian dollar in trading so far this morning. The Canadian election resulted in a Liberal minority government of some form, with a definite leftward bias.

Currently, the TSX is up 0.32% and the DJIA is down 0.11%. EURCAD is 0.04% trading between 1.4565 and 1.4606. GBPCAD is down 0.15% trading between 1.6898 and 1.6990. JPYCAD is up 0.31% trading between 0.01202 and 0.01208. Gold is up 0.63% trading between $1,481 and $1,489USD/oz while silver is down 0.28% trading between $17.45 and $17.67. Oil (WTI crude) is up 1.23% trading between $53.24 and $54.44.

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

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