Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 15, 2019

USDCAD spot rate: 1.3220 - 1.3225 (as at 8:02am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Foreign portfolio investment in Canadian securities: $4.76 billion (prev $4.62 billion)

- Canadian investment in foreign securities: -$2.4 billion (prev -$4.45 billion)

- U.S. retail sales: 0.3% (exp 0.3% / prev -0.3%) ex autos: 0.2% (exp 0.4% / prev -0.1%)

- U.S. retail sales control group: 0.3% (exp 0.3% / prev -0.1%)

- U.S. industrial production: -0.8% (exp -0.4% / prev -0.3%)

- NY Empire state manufacturing index: 2.9 (exp 5 / prev 4)

Event Calendar:

Yesterday, USDCAD climbed from 1.3250 up to 1.3272 – a 5 week high and fifth consecutive day of gains (albeit marginal – net gains on the week have been less than 35 basis points). The pairing then fell back to hold near 1.3242/55 for the balance of the day. Overnight, risk trades received a boost from positive trade comments from U.S. White House economic advisor Kudlow. The AUD, NZD, and CAD moved higher while the USD and JPY moved lower during the Asian session. CAD flows reversed during the London session taking USDCAD from 1.3219 back up to 1.3252. U.S. data this morning was a bit weaker than expected and USDCAD has pushed lower once again to 1.3217/22. Currently, the TSX is up 0.25% breaking above the 17,000 level while the DJIA is up 0.40% closing in on the 28,000 level – both new historical highs. EURCAD is up 0.20% trading between 1.4575 and 1.4630 – near 2 week highs. GBPCAD is unchanged trading between 1.7026 and 1.7096 – near 6 month highs. JPYCAD is down 0.40% trading between 0.01215 and 0.01221 – off a 5 week high. Gold is down 0.15% trading between $1,462 and $1,471USD/oz while silver is down 0.20% trading between $16.83 and $17.03 – both near 1 week highs. Oil (WTI crude) is up 0.50% trading between $56.53 and $57.35 – near 7 week highs.