Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 7, 2019


USDCAD spot rate: 1.3175 - 1.3180 (as at 7:28am PST)

Ranges:

Asia:

1.3183

to

1.3175

Europe:

1.3160

to

1.3176

North America:

1.3163

to

1.3184

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3115

1.3190

1.3240

Key Economic Data Releases:

- U.S. initial jobless claims 211k (215k exp.) 219k previous

Event Calendar:

Date

Canada

U.S.A.

Nov. 8

Net employment change

Unemployment rate, Avg hourly wages

U.S equities climbed early after China said it agreed with America to roll back tariffs on each other's goods in phases as they work toward a trade deal. Treasuries and gold declined. The S&P 500 Index rose at the open Thursday after a Chinese government spokesman said the economic superpowers would remove the duties in phases "as progress is made on the agreement." China is also reportedly studying the removal of curbs on U.S. poultry imports. Shares advanced in Hong Kong and China's yuan strengthened offshore. Equities trading in Shanghai and Tokyo had already closed. The Stoxx Europe 600 advanced. Currently, the TSX is up 0.40% while the DJIA is up 0.70%. EURCAD is unchanged trading between 1.4549 and 1.4601. GBPCAD is unchanged trading between 1.6848 and 1.6957 . JPYCAD is down 0.25% trading between 0.01205 and 0.01214. Gold is down 0.72% trading between $1,481 and $1,492USD/oz while silver is down 0.28% trading between $17.45 and $17.66. Oil (WTI crude) is up 1.50% trading between $56.28 and $57.55.

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