Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 15, 2020

USDCAD spot rate: 1.3620 - 1.3625 (as at 8:17am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canadian mfg sales: -28.5% (exp -18.7% / prev -9.2%)

- U.S. NY empire state mfg index: -0.2 (exp -27.5 / -48.5)

Event Calendar:

U.S. stocks began the week on a down note and Treasuries rallied on signs that a second wave of the pandemic is emerging. The dollar turned mixed against most other major currencies. The benchmark S&P 500 Index dropped as much as 2.5% before cutting the decline in half. Energy, financial and industrial stocks led the losses. Investors sought the safety of havens, pushing the yield on 10-year Treasuries down by two basis points. Oil futures slumped to around $35 a barrel in New York as BP Plc warned the pandemic will hurt long-term energy demand. After a fierce rally sent global equities close to their pre-pandemic levels, sentiment in markets has turned negative. Economic data across the board suggests that the global economy is still weak and there's no sign that international travel is returning to normal anytime soon. More than 20 U.S. states are seeing a pick-up in virus cases, and spreading cases in Beijing have also raised concern of a resurgence of the pandemic. In China, a string of top-tier data all showed that factory output, consumer spending and investment continued to improve in May, but there are few signs of a broad-based rebound needed to spur a V-shaped recovery. Despite the risk-off mood in markets, gold prices slumped, with prices approaching $1,700 an ounce in London. The TSX is down 1.42% and the DJIA is down 1.32%. EURCAD is up 0.37% trading between 1.5275 and 1.5393. GBPCAD is up 0.39% trading between 1.7001 and 1.7142. JPYCAD is up 0.13% trading between 0.01265 and 0.01275. Gold is down 0.54% trading between $1,704 - $1,734USD/oz. Silver is down 0.87% trading between $16.94 - $17.55. Oil (WTI crude) is down 1.96% trading between $34.37 - $35.86.