Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 25, 2020


USDCAD spot rate: 1.3969 - 1.3974 (as at 9:45am PST)

Ranges:

Asia:

1.3979

to

1.4007

Europe:

1.3971

To

1.4002

North America:

1.3969

to

1.3994

Technical Support / Resistance:

S2

S1

R1

R2

1.3900

1.3931

1.4037

1.4115

Key Economic Data Releases:

- Canada Poloz Speech:

- U.S. Memorial Day

Event Calendar:

Date

Canada

U.S.A.

May 26

May 27

May 28

May 29

GDP

New home sales, consumer confidence

Richmond Fed manufacturing index

GDP, durable goods orders, jobless claims

Personal income/spending, Chicago PMI, consumer sentiment index

Financial markets in the US will be closed in observance of Memorial Day on Monday and the pair is likely to stay quiet. Similar to other major currency pairs, USD/CAD is moving sideways in a tight channel on Monday amid thin trading conditions. Last week, rising crude oil prices helped the commodity-sensitive loonie outperform its major rivals. The barrel of West Texas Intermediate (WTI) gained more than 12% on a weekly basis to close around mid-$33s. Although the WTI edged lower during the Asian session on Monday, it recovered the majority of its losses and seems to be staying in a consolidation phase above $33. Currently, the TSX is up 1.01% while the DJIA is down 0.04%. EURCAD is down 0.17% trading between 1.5211 and 1.5266. GBP is up 0.07% trading between 1.7014 and 1.7063. JPY is down 0.20% trading between 0.01265 and 0.01300. Gold is down 019% trading between $1,721 - $1,734USD/oz. Silver is down 0.18% trading between $16.88 - $17.18. Oil (WTI crude) is up 2.94% trading between $33 - $34.

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