Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 5, 2020


USDCAD spot rate: 1.3405 - 1.3410 (as at 7:30am PST)

Ranges:

Asia:

1.3386

to

1.3402

Europe:

1.3390

To

1.3410

North America:

1.3392

to

1.3432

Technical Support / Resistance:

S2

S1

R1

R2

1.3250

1.3290

1.3440

1.3500

Key Economic Data Releases:

- U.S. factory orders -0.5% (-0.1% exp.) 1.9% previous

- U.S. initial jobless claims 216k (215k exp.) 219k previous

Event Calendar:

Date

Canada

U.S.A.

Mar. 6

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

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

U.S. stocks tumbled, giving up more than half of Wednesday's steep gains as volatility sparked by the spread of the coronavirus woes continued to grip financial markets. Treasury yields sank to record lows as haven assets remain in demand. Sentiment took a hit after more cases of the virus popped up across the U.S., including in New York, and California declared a state of emergency. European shares slid as companies warned the epidemic would hurt results. Currently, the TSX is down 1.29% and the DJIA is down 3.04%. EURCAD is up 0.47% trading between 1.4900 and 1.5035. GBPCAD is up 0.56% trading between 1.7226 and 1.7357. JPYCAD is up 0.81% trading between 0.01243 and 0.01256. Gold is up 1.31% trading between $1,635 and $1,662USD/oz. Silver is up 1.25% trading between $17.15 and $17.42. Oil (WTI crude) is down 1.54% trading between $46.30 and $47.60.

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