Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 27, 2019


USDCAD spot rate: 1.3080 - 1.3085 (as at 8:15am PST)

Ranges:

Asia:

1.3102

to

1.3122

Europe:

1.3085

To

1.3113

North America:

1.3076

to

1.3097

Technical Support / Resistance:

S2

S1

R1

R2

1.3016

1.3050

1.3125

1.3160

Key Economic Data Releases:

- no key economic data

Event Calendar:

Date

Canada

U.S.A.

Dec. 30

Dec. 31

Jan. 1

Jan. 2

Jan. 3

GDP

New Year's Day

Markit manufacturing PMI

BOC Wilkins speech

Pending home sales, Chicago PMI

Consumer confidence

New Year's Day

Market manufacturing PMI, FOMC minutes

ISM manufacturing PMI

Yesterday, USDCAD declined from 1.3161 down to 1.3105 with bounces limited to 1.3127 while Canadian markets were sidelined for Boxing Day. The USD is broadly weaker again today with the USD index falling towards a 5 month low. USDCAD has fallen to 1.3076 with bounces limited to 1.3097 this morning. The pairing is not far off the Oct low of 1.3045 and the July / 2019 low of 1.3016. Other currencies are trading near multi-month highs against the USD as well – EURUSD @ 4 month high, GBPUSD near 8 month highs, and AUDUSD near 5 month highs. Currently, the TSX and the DJIA are up 0.10% and 0.25% respectively - reaching new historical highs today. EURCAD is up 0.40% trading between 1.4544 and 1.4623 – just 1.5 cents off of a 32 month low. GBPCAD is up 0.50% trading between 1.7000 and 1.7167 – near a 2 month low. JPYCAD is down 0.15% trading between 0.01193 and 0.01198 – near 10 month lows. Gold is unchanged trading between $1,507 and $1,517USD/oz while silver is trading between $17.77 and $17.97 – both near 3 month highs. Oil (WTI crude) is unchanged trading between $61.30 and $62.02 – near 7 month highs.

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