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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 9, 2020


USDCAD spot rate: 1.3450 - 1.3455 (as at 6:27am PST)

Ranges:

Asia:

1.3360

to

1.3392

Europe:

1.3382

To

1.3488

North America:

1.3432

to

1.3475

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3358

1.3490

1.3540

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

June 10

June 11

June 12

CPI, Fed interest rate decision

Jobless claims

Consumer sentiment index

U.S. stocks and European equities slid on concern that the blistering rally in risk assets has overshot the economic recovery. Treasuries advanced with gold and the yen.

Declines in the U.S. market ran from oil drillers to cruise lines. The dollar rose against its major peers for the first time in nine days. Financial shares led losses in the Stoxx Europe 600 Index, while a gauge of European junk-grade credit risk increased the most since April.

After a record-breaking rally that added $21 trillion to global stock markets, valuations look now stretched and technical indicators suggest a pullback is overdue. The World Bank warned the economy will contract the most since World War II this year, reducing incomes and sending millions of people into poverty in emerging and developing nations.

The TSX is down 0.82%and the DJIA is down 1.10%.. EURCAD is up 0.63% trading between 1.5099 and 1.5214. GBPCAD is up 0.08% trading between 1.7003 and 1.7061. JPYCAD is up 1.15% trading between 0.01232 and 0.01249. Gold is up 1.10% trading between $1,692 - $1,717USD/oz. Silver is down 0.36% trading between $17.46+ - $17.73. Oil (WTI crude) is down 1.04% trading between $37.08 - $38.79.

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