Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 7, 2020
USDCAD spot rate: 1.3010 - 1.3015 (as at 7:25am PST)
| Ranges: | Asia: | 1.2960 | to | 1.2970 |
| Europe: | 1.2957 | To | 1.2985 | |
| North America: | 1.2975 | to | 1.3021 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2900 | 1.2955 | 1.3025 | 1.30750 |
Key Economic Data Releases:
- U.S. Trade balance -43.1B (143.8B exp.) -46.9B previous
Event Calendar:
| Date | Canada | U.S.A. |
| Jan. 8 Jan. 9 Jan. 10 | Housing starts, building permits Unemployment rate | ADP employment change Jobless claims Nonfarm payrolls, unemployment rate |
U.S. stocks fell as investors remained wary of an escalation in tensions with Iran. The dollar gained, while oil continued its retreat from multimonth highs. The S&P 500 headed for its second drop in three sessions, with investors cautious after Iran threatened a military response to a U.S. airstrike that killed a top general four days ago. The Cboe Volatility Index rose above 14 as geopolitics dominated sentiment. Currently, the TSX is up 0.22% and the DJIA is down 0.27%. EURCAD is up 0.02% trading between 1.4488 and 1.4524. GBPCAD is up 0.02% trading between 1.7017 and 1.7127. JPYCAD is up 0.40% trading between 0.01193 and 0.01201. Gold is up 0.29% trading between $1,555 and $1,571USD/oz while silver is up 0.46% trading between $17.95 and $18.25. Oil (WTI crude) is down 0.90% trading between $62.55 and $63.10.
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