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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