Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 4, 2020


USDCAD spot rate: 1.3275 - 1.3280 (as at 7:25am PST)

Ranges:

Asia:

1.3285

to

1.3301

Europe:

1.3267

To

1.3294

North America:

1.3272

to

1.3289

Technical Support / Resistance:

S2

S1

R1

R2

1.3150

1.3190

1.3320

1.3270

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Feb. 5

Feb. 6

Feb. 7

Int'l merchandise trade

Net employment change, unemployment rate, Avg. hourly wages, Ivey PMI

ADP employment change, trade balance

Non-farm payrolls, unemployment rate, Avg. hourly earnings

U.S. stocks rallied with crude and copper, while Treasuries plunged as investors speculated the global economy can withstand the impact from the still-spreading coronavirus after China's market sell-off eased. The S&P 500 headed for its best two-day surge since October, with 10 of 11 main groups advancing Tuesday. European equities jumped 1.5% and emerging-market shares rallied the most in five months. The risk-on mood gained steam after Shanghai stocks rebounded from a record $720 billion wipeout and the offshore yuan recouped the previous session's decline. Treasuries slipped with gold. Oil jumped back over $50 a barrel and copper looked to halt a 14-day retreat.Currently, the TSX and the DJIA are up 0.85% and 1.53% respectively. EURCAD is down 0.27% trading between 1.4654 and 1.4711. GBPCAD is up 0.05% trading between 1.7193 and 1.7323. JPYCAD is down 0.66% trading between 0.01214 and 0.01224. Gold is down 1.35% trading between $1,556 and $1,579USD/oz. Silver is down 0.55% trading between $17.61 and $17.78. Oil (WTI crude) is up 1.20% trading between $49.90 and $51.40.

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