Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 18, 2020

USDCAD spot rate: 1.3575 - 1.3580 (as at 6:50am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Initial Jobless claims 1508k (1300k exp.) 1566k previous

- Philly Fed mfg. survey 27.5 (-23.0 exp.) -43.1 previous

Event Calendar:

Applications for unemployment benefits in the U.S. fell less than forecast last week, showing only gradual improvement from the worst of the pandemic-related layoffs even as states re-open more of their economies.

Initial jobless claims for regular state programs totaled 1.51 million in the week ended June 13, down slightly from an upwardly revised 1.57 million in the prior week, Labor Department figures showed Thursday. The 58,000 weekly drop was the smallest since claims began to retreat in early April. The median estimate in a Bloomberg survey of economists called for 1.29 million initial claims in the latest week.

U.S. equities dropped as investors weighed the latest data and reports about fresh outbreaks of the coronavirus in China and America. Treasuries extended their advance.

The TSX is down 0.45% and the DJIA is down 0.63%. EURCAD is down 0.23% trading between 1.5206 and 1.5283. GBPCAD is down 0.80% trading between 1.6875 and 1.7055. JPYCAD is up 0.35% trading between 0.01263 and 0.01273. Gold is down 0.34% trading between $1,717 - $1,737USD/oz. Silver is down 0.22% trading between $17.41 - $17.67. Oil (WTI crude) is down 0.12% trading between $37.13 - $38.54.