Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 3, 2020


USDCAD spot rate: 1.3325 - 1.3330 (as at 7:19am PST)

Ranges:

Asia:

1.3325

to

1.3350

Europe:

1.3340

To

1.3370

North America:

1.3325

to

1.3379

Technical Support / Resistance:

S2

S1

R1

R2

1.3250

1.3302

1.3452

1.3600

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Mar. 4

Mar. 5

Mar. 6

Bank of Canada interest rate

Net employment change, unemployment rate, avg. hourly wages, int'l merchandise trade

ADP employment change, ISM non-mfg index

Jobless claims, factory orders

Non-farm payrolls, unemployment rate, avg. hourly earnings, trade balance

U.S. stocks surged with two-year Treasuries after the Federal Reserve announced an emergency rate cut to combat the economic effects of the coronavirus.The S&P 500 spiked to a session high and the two-year Treasury yield tumbled after the central bank shaved 50 basis points of its benchmark rate. Stocks started lower after Group of Seven finance ministers and central bankers stopped short of taking action after a 7 a.m. call. That changed after the Fed met and took a unanimous vote to to cut the rate to a range of 1% to 1.25%.Currently, the TSX is up 0.20% and the DJIA is up 0.98%. EURCAD is up 0.21% trading between 1.4810 and 1.4920. GBPCAD is up 0.61% trading between 1.7008 and 1.7126. JPYCAD is up 0.76% trading between 0.01228 and 0.01241. Gold is up 1.25% trading between $1,589 and $1,622USD/oz. Silver is up 1.35% trading between $16.75 and $17.06. Oil (WTI crude) is up 1.78% trading between $47.32 and $48.65.

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