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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 24, 2020


USDCAD spot rate: 1.3588 - 1.3593 (as at 8:17am PST)

Ranges:

Asia:

1.3528

to

1.3578

Europe:

1.3558

To

1.3596

North America:

1.3551

to

1.3590

Technical Support / Resistance:

S2

S1

R1

R2

1.3450

1.3507

1.3605

1.3650

Key Economic Data Releases:

- U.S. housing price index: 0.02% (exp 0.02% / prev 0.1%)

Event Calendar:

Date

Canada

U.S.A.

June 25

June 26

GDP Q1, durable goods orders, jobless claims

Personal income/spending, consumer sentiment


The USD/CAD pair built on the previous day's modest recovery move from 1.5-week lows and gained some follow-through traction for the second consecutive session on Wednesday. The global risk sentiment took a turn for the worse and benefitted the US dollar's relative safe-haven assets. This coupled with a modest pullback in crude oil prices further undermined the commodity-linked currency, the loonie, and provided an additional boost to the pair. The pair was last seen trading near session tops, with bulls now eyeing a move beyond the 1.3600 round-figure mark. The mentioned level coincides with a short-term descending trend-line extending from last week's swing high, which if cleared might be seen as a fresh trigger for bulls. Currently the TSX is down 1.50% and the DJIA is down 1.96%. EURCAD is down 0.09% trading between 1.5277 and 1.5347. GBPCAD is down 0.39% trading between 1.6882 and 1.7006. JPYCAD is down 0.21% trading between 0.01267 and 0.01274. Gold is up 0.37% trading between $1,761 - $1,779USD/oz. Silver is down 0.96% trading between $17.36 - $18.07. Oil (WTI crude) is down 5.58% trading between $38.31 - $40.54.

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