Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 16, 2020
USDCAD spot rate: 1.3535 - 1.3640 (as at 6:49am PST)
| Ranges: | Asia: | 1.3512 | to | 1.3550 |
| Europe: | 1.3530 | To | 1.3598 | |
| North America: | 1.3505 | to | 1.3569 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.3400 | 1.3500 | 1.3600 | 1.3700 |
Key Economic Data Releases:
- U.S. Retail Sales 17.7% (8% exp.) -14.7% previous
- U.S. Industrial production 1.4% (2.9% exp.) -12.5% previous
Event Calendar:
| Date | Canada | U.S.A. |
| June 17 June 18 June 19 | CPI Wholesale sales, new housing price Retail sales | Housing starts, building permits Jobless claims, Philadelphia Fed mfg. survey |
Stocks opened sharply higher Tuesday morning followed a report that the Trump administration was poised to unveil a $1 trillion proposal for U.S. infrastructure work, in a move to help boost the domestic economy. A record jump in retail sales in May also helped fuel the early rally.
The advance came after the Federal Reserve announced it was expanding its own stimulus program for the virus-stricken economy. The Fed said it would begin purchasing individual corporate bonds as part of its emergency lending program, expanding the Fed's previously announced Secondary Market Corporate Credit Facility, which had until Monday only included purchases of exchange-traded funds.
The TSX is up 1.42% and the DJIA is up 2.73%. EURCAD is down 0.37% trading between 1.5264 and 1.5394. GBPCAD is up 0.09% trading between 1.7090 and 1.7175. JPYCAD is up 0.33% trading between 0.01255 and 0.01266. Gold is down 0.24% trading between $1,716 - $1,732USD/oz. Silver is up 1.17% trading between $17.28 - $17.51. Oil (WTI crude) is up 3% trading between $36.39 - $38.71.
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