Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 12, 2020

USDCAD spot rate: 1.3260 - 1.3265 (as at 8:19am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- No major data releases

Event Calendar:

U.S. equities rose to records, tracking European and Asian stocks higher, as optimism grew that the global economy can recover from the impact of the coronavirus amid signs the spread of the illness is slowing. Crude rallied and Treasuries fell. The S&P 500 Index and Dow Jones Industrials hitting all-time highs, after China's Hubei province reported the lowest number of new virus cases this month and suspected infections on the mainland declined. Carmakers and miners led the advance in the Stoxx Europe 600 Index, even as data showed a deep slump in euro-area industrial output at the end of last year. Asia saw gains for most equity benchmarks, with those in Shanghai and Hong Kong outperforming. Oil climbed to around $51 a barrel in New York, holding the advance even after OPEC slashed forecasts for global demand and U.S. inventories came in higher than estimated. Raw materials including copper and iron ore gained, while core European bonds tracked Treasuries lower and gold and the yen also slipped. New Zealand's dollar jumped the most in about two months after its central bank said the impact from the virus will be short-lived and it doesn't project a need for rate cuts this year. Confidence is increasing among some investors that the impact of the coronavirus outbreak will ultimately prove short-lived. President Xi Jinping vowed China would meet its economic goals while winning the battle against the virus that has now claimed 1,115 lives, while Federal Reserve Chairman Jerome Powell said on Tuesday the central bank is keeping a close eye on fallout from the epidemic. Meanwhile, peripheral European bonds bucked declines and the yield on 10-year Greek debt dropped below 1% for the first time. Currently, the TSX is up 0.27% and the DJIA is up 0.69%. EURCAD is down 0.43% trading between 1.4429 and 1.4514. GBPCAD is down 0.07% trading between 1.7169 and 1.7236. JPYCAD is down 0.43% trading between 0.01203 and 0.01210. Gold is down 0.03% trading between $1,561 and $1,568USD/oz. Silver is down 0.75% trading between $17.46 and $17.67. Oil (WTI crude) is up 2.459% trading between $49.92 and $50.61.