Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 11, 2020

USDCAD spot rate: 1.3740 - 1.3745 (as at 8:22am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. consumer price index: 0.1% (exp 0% / prev 0.1%)

Event Calendar:

Virus-fomented turmoil continued to rattle global financial markets, with U.S. stocks plunging and Treasuries rallying as investors await details of a policy response from the Trump administration. The S&P 500 sank 3.4%, wiping out more than half of Tuesday's surge, after President Donald Trump failed to deliver on his promise for a sweeping stimulus package to combat the economic effects of the coronavirus. The 10-year Treasury yield fell below 0.7% and crude tumbled back toward $33 a barrel. Goldman Sachs slashed its forecast for the S&P 500 and said the bull market will end soon. Financial markets whipsawed this week as investors grapple with the potential economic hit from the virus that is upending daily routines around the world. Policy makers have grown increasingly ready to take action, with the ECB indicating it may move as soon as this week, the Bank of England cutting rates and German Chancellor Angela Merkel pledging to do "whatever is necessary" to bolster the economy. In the U.S., the Trump administration continues to promise "major" stimulus, but details remain uncertain. Markets are now growing worried that whatever does come will not have the ability to stave off a major blow to the world's largest economy. Currently, the TSX is down 2.58% and the DJIA is down 3.83%. EURCAD is up 0.03% trading between 1.5468 and 1.5606. GBPCAD is up 0.31% trading between 1.7610 and 1.7816. JPYCAD is up 0.41% trading between 0.01299 and 0.01316. Gold is down 0.08% trading between $1,650 and $1,671USD/oz. Silver is down 0.74% trading between $16.84 and $17.11. Oil (WTI crude) is down 2.50% trading between $32.91 and $36.30.