Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 4, 2020


USDCAD spot rate: 1.3490 - 1.3495 (as at 6:29am PST)

Ranges:

Asia:

1.3493

to

1.3520

Europe:

1.3495

To

1.3530

North America:

1.3468

to

1.3541

Technical Support / Resistance:

S2

S1

R1

R2

1.3400

1.3450

1.3586

1.3670

Key Economic Data Releases:

- Canadian Int'l merchandise trade -3.25B (-2.36B exp.) -1.53B previous

- U.S. Initial jobless claims 1877k (1800k exp.) 2126k previous

- U.S. Trade Balance -49.4B -49.0B exp.) -42.3B previous

Event Calendar:

Date

Canada

U.S.A.

June 5

employment change, unemployment rate, Ivey PMI

Non-farm payrolls, unemployment rate

Stocks slumped in Europe and U.S. futures fell as concern a recent rally had gone too far too fast overshadowed new stimulus measures and encouraging economic data.

Contracts on the S&P 500 and Nasdaq 100 dropped, a day after the tech-heavy index rose briefly above its record-high close. The dollar edged higher as weekly jobless claims fell to 1.88 million, reflecting a slowing -- though far from a halt -- in job losses. The Stoxx 600 stayed lower in the wake of the European Central Bank decision to add 600 billion euros to its pandemic purchase program, more than expected, and extended it to at least June 2021.

The TSX is doen 0.32%% and the DJIA is down 0.37%. EURCAD is up 0.12% trading between 1.5109 and 1.5215. GBPCAD is down 0.05% trading between 1.6876 and 1.6968. JPYCAD is up 0.17% trading between 0.01236 and 0.01245. Gold is up 0.86% trading between $1,697 - $1,718USD/oz. Silver is up 0.55% trading between $17.45 - $17.84. Oil (WTI crude) is down 1.50% trading between $36.42 - $37.04.

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