Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 26, 2020


USDCAD spot rate: 1.3294 - 1.3299 (as at 7:56am PST)

Ranges:

Asia:

1.3274

to

1.3294

Europe:

1.3283

To

1.3307

North America:

1.3271

to

1.3299

Technical Support / Resistance:

S2

S1

R1

R2

1.3190

1.3232

1.3338

1.3375

Key Economic Data Releases:

- U.S. new home sale: 0.764M (exp 0.71M / prev 0.694M)

- U.S. crude oil stocks: 0.452M (exp 2.005M / prev 0.414M)

Event Calendar:

Date

Canada

U.S.A.

Feb. 27

Feb. 28

GDP Q4

Durable goods orders, GDP Q4

Personal income/spending, Core PCE price index, Chicago PMI, consumer sentiment index


U.S. equities gained for the first time in 5 days as investors digested fresh evidence of the widening coronavirus outbreak. All 3 main American equity gauges were positive in the wake of the more than 6% slide in the benchmark S&P 500 over the past 2 days. Ten-year Treasury yields still lingered near the record-low close set Tuesday. European shares pared losses at the start of U.S. trading, while Asian equities closed lower. Oil bounced around $50 a barrel. President Donald Trump and federal health officials plan to brief the U.S. public today on efforts to prevent the spread of the coronavirus. Diageo Plc and Danone SA warned earlier that the outbreak will hit sales in China. The first cases in Greece and in South America emerged, while Spain locked down a seaside resort hotel with about 1,000 guests and workers inside. Risk assets are struggling to rebound as coronavirus cases steadily climb outside the epicenter in China. South Korea said its national total rose to more than 1,000, while American health officials Tuesday warned that they expect the epidemic to spread in the U.S. Traders may be looking out for further signs of policy accommodation after American central bankers said they are closely monitoring the spreading virus, though it's "still too soon" to say whether it will change the outlook. Investors are still digesting the ramifications, the extent of the coronavirus -- what's this going to mean for economic growth both here and overseas. Currently, the TSX is up 0.04% and the DJIA is up 1.38%. EURCAD is down 0.13% trading between 1.4403 and 1.4498. GBPCAD is down 0.57% trading between 1.7148 and 1.7285. JPYCAD is down 0.25% trading between 0.01198 and 0.01207. Gold is down 0.19% trading between $1,624 and $1,655USD/oz. Silver is down 0.89% trading between $17.79 and $18.20. Oil (WTI crude) is up 0.47% trading between $49 and $50.42.

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