Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 20, 2019


USDCAD spot rate: 1.3160 - 1.3165 (as at 8:30am PST)

Ranges:

Asia:

1.3123

to

1.3140

Europe:

1.3128

To

1.3144

North America:

1.3133

to

1.3180

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3100

1.3185

1.3240

Key Economic Data Releases:

- Canada retail sales: -1.2% (exp 0.5% / prev 0%) ex autos: -0.5% (exp 0.3% / prev -0.1%)

- U.S. GDP Q3 annualized: 2.1% (exp 2.1% / prev 2.1%)

- U.S. personal income: 0.5% (exp 0.3% / prev 0.1%)

- U.S personal spending: 0.4% (exp 0.4% / prev 0.3%)

- U.S. core personal consumption expenditure price index y/y: 1.6% (exp 1.6% / prev 1.7%)

- U.S. Michigan consumer sentiment index: 99.3 (exp 99.2 / prev 99.2)

Event Calendar:

Date

Canada

U.S.A.

Dec. 23

Dec. 24

Dec. 25

Dec. 26

Dec. 27

GDP

Christmas Day

Boxing Day

Durable goods orders, new home sales

Christmas Day

Yesterday, USDCAD held near 7 week lows within a 1.3110 – 1.3130 range. The pairing moved up to 1.3144 overnight before climbing to 1.3180 this morning after the release of the Canadian October retail sales data. The data missed estimates and was the lowest reading in 11 months. The rally higher stalled just below the weekly high of 1.3186 tested Monday and Tuesday. USDCAD has since fallen back to 1.3153 with subsequent rallies also stalling at 1.3175/80. Currently, the TSX and the DJIA are up 0.56% and 0.34% respectively - reaching new historical highs today. EURCAD is unchanged trading between 1.4568 and 1.4616 – just 1.5 cents off of a 32 month low. GBPCAD is up 0.50% trading between 1.7056 and 1.7228 – near a 5 week low. JPYCAD is unchanged near 8 month lows - trading between 0.01199 and 0.01204. Gold is unchanged trading between $1,476 and $1,481USD/oz while silver is trading between $17.02 and $17.25 – both near 5 week highs. Oil (WTI crude) is down 1.36% trading between $60.10 and $61.27 – near 7 month highs.

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