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


USDCAD spot rate: 1.3500 - 1.3505 (as at 6:57am PST)

Ranges:

Asia:

1.3401

to

1.3440

Europe:

1.3455

To

1.3498

North America:

1.3465

to

1.3509

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3400

1.3525

1.3590

Key Economic Data Releases:

- U.S. Initial jobless claims 1542k (1550k exp.) 1897k previous

- U.S. PPI -0.8% (-1.2% exp.) -1.2% previous

Event Calendar:

Date

Canada

U.S.A.

June 12

Consumer sentiment index

U.S. stocks tumbled the most in a month as the torrid surge in equities came to a screeching halt amid economic jitters. Treasuries rose.

The S&P 500 careened toward a third day of losses following one of the fastest rallies on record, with 480 shares dropping. Airlines, cruise operators and travel companies that surged in recent weeks bore the brunt of the selling. Energy, financial and industrial shares led declines on Thursday.

While much of the equity selling owed to the frantic pace of the recent rally, sentiment did sour as signs mounted that a possible second wave of the pandemic could be taking hold in some states. U.S. jobless claims remained high, underscoring the longer-term challenges caused by the pandemic. The report came out a day after the Federal Reserve provided a dour outlook for the economy.

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