Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 23, 2020
USDCAD spot rate: 1.3505 - 1.3510 (as at 6:49am PST)
| Ranges: | Asia: | 1.3500 | to | 1.3571 |
| Europe: | 1.3510 | To | 1.3560 | |
| North America: | 1.3485 | to | 1.3525 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.3400 | 1.3460 | 1.3650 | 1.3695 |
Key Economic Data Releases:
- U.S. Markit mfg. index 49.6 (48.0 exp.) 39.8 previous
Event Calendar:
| Date | Canada | U.S.A. |
| June 24 June 25 June 26 | Crude oil stocks change, housing price index GDP Q1, durable goods orders, jobless claims Personal income/spending, consumer sentiment |
Stock extended gains Tuesday morning, following global equities higher as hopes for a coronavirus vaccine rose and U.S.-China trade fears dissipated.
French drugmaker Sanofi (SNY, SNYNF) said on Tuesday that it anticipates it will receive approval for its potential Covid-19 vaccine it is creating with GlaxoSmithKline in the first half of 2021, which if successful would then be available in the second half of next year. While there are currently no vaccines to prevent the coronavirus, a host of pharmaceutical companies have entered the race to try and develop medicines to prevent and treat the virus.
Late Monday evening, stock futures declined sharply but then turned positive after White House trade adviser Peter Navarro said during a Fox News interview that any trade deal with China was "over," then walked back the remark.
Currently the TSX is up 0.47% and the DJIA is up 0.91%.. EURCAD is up 0.26% trading between 1.5218 and 1.5298. GBPCAD is down 0.12% trading between 1.6823 and 1.6918. JPYCAD is up 0.97% trading between 0.01260 and 0.01270. Gold is up 0.85% trading between $1,747 - $1,766USD/oz. Silver is up 1.18% holding between $17.65 - $17.98. Oil (WTI crude) is up 0.49% trading between $39.78 - $41.60.
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The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.
