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

USDCAD spot rate: 1.3224 - 1.3229 (as at 8:12am PST)










North America:




Technical Support / Resistance:









Key Economic Data Releases:

- Canadian housing starts: 201.3k (exp 205k / prev 200.7k)

- Canadian building permits: -1.5% (2.9% / -5.9%)

Event Calendar:




Dec. 10

Dec. 11

Dec. 12

Dec. 13

BOC Poloz speech

Non-farm productivity, unit labour costs

CPI, Fed interest rate decision

Producer price index

Retail sales

U.S. stocks were little changed as investors prepared for a week brimming with potential catalysts, from central bank meetings to the looming America-China tariff deadline. Treasuries held modest gains. The S&P 500 fluctuated near an all-time high after weak China export data, with investors awaiting news on whether Washington will go ahead with a planned Dec. 15 tariff hike. The Stoxx Europe 600 Index slipped. Stock indexes posted modest increases in Tokyo and Seoul, though gains mostly fizzled in Hong Kong and Shanghai. The pound edged upward as polls continued to show the U.K. Conservative Party on course to win a majority in Thursday's election, which would likely mean Britain leaving the European Union by Jan. 31. With time running out for the U.S. and China to reach a deal that would ward off an escalation in tariffs, markets will be watching closely for any signs of progress. White House economic adviser Larry Kudlow said Friday the two sides are haggling over the amount of American farm products Beijing is willing to purchase. Data showed China's exports fell 1.1% in November, with those to the U.S. tumbling 23%, underscoring why the Asian nation may want to resolve the dispute. Also in focus for investors this week will be central banks, with policy meetings at the Federal Reserve and the European Central Bank that may offer clues on whether more monetary easing is in store in 2020. Elsewhere, oil slipped, trimming last week's rally spurred by Saudi Arabia promising significant additional production cuts beyond what was agreed with fellow OPEC members. Currently, the TSX is down 0.04% and the DJIA is down 0.11%. EURCAD is down 0.06% trading between 1.4630 and 1.4686. GBPCAD is down 0.05% trading between 1.7381 and 1.7471. JPYCAD is down 0.15% trading between 0.01218 and 0.01222. Gold is up 0.10% trading between $1,458 and $1,465USD/oz while silver is up 0.25% trading between $16.52 and $16.68. Oil (WTI crude) is down 0.45% trading between $58.26 and $59.14.

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


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