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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