Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 14, 2020

USDCAD spot rate: 1.3253 - 1.3258 (as at 8:05am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. retail sales: 0.3% exp 0.3% prev 0.2% ex autos: 0.3% exp 0.3% prev 0.6%

- U.S. retail sales control group: 0% exp 0.3% prev 0.2%

- U.S. industrial production: -0.3% exp -0.2% prev -0.4%

- U.S. consumer sentiment index: 100.9 exp 99.5 prev 99.8

Event Calendar:

Yesterday, USDCAD held near 2 week lows between 1.3240 – 1.3270 while the EURCAD rate dropped towards a 3 year low. Overnight, the major currencies were largely range-bound while oil prices climbed towards 2 week highs. The CAD is the best performing currency so far today and USDCAD has re-tested two week lows near 1.3235 after weaker than expected U.S. retail sales and industrial production numbers that also included negative revisions to prior data. The move lower in USDCAD stalled at 1.3236 and the pairing has since climbed towards London session highs @ 1.3258. After selling off 5 out of the past 6 Fridays, equity markets are little changed so far. Currently, the TSX is up 0.11% while the DJIA is down 0.20%. EURCAD is down 0.05% trading between 1.4351 and 1.4395 – near 3 year lows. GBPCAD is down 0.30% trading between 1.7221 and 1.7320 – having fallen from near 2 week highs. JPYCAD is down 0.05% trading between 0.01205 and 0.01208 – near 3 week lows. Gold is up 0.33% trading between $1,573 and $1,583USD/oz – near 7 year highs. Silver is up 0.56% trading between $17.62 and $17.81. Oil (WTI crude) is up 0.55% trading between $51.55 and $52.54 – near 2 week highs.