Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 3, 2020

USDCAD spot rate: 1.3575 - 1.3580 (as at 7:57am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- no key data

Event Calendar:

Yesterday, USDCAD initially dropped from 1.3610 down to 1.3560 before climbing to 1.3624. The move above 1.36 coincided with the release of the U.S. Covid-19 data – a new daily record which sent the DJIA 400 pts lower to session lows. The move was short-lived with equity markets rebounding to finish the day with gains while USDCAD eased lower to 1.3560 in late trade. With U.S. markets closed for the July 4^th Holiday, market action has been subdued thus far. Positive risk sentiment in Asia kept USDCAD anchored near session lows while a deterioration in market sentiment during the London and NA sessions has seen USDCAD move up to session highs. The TSX and the DJIA are down 0.20% and 1% respectively. EURCAD is unchanged near 2 week lows trading between 1.5228 and 1.5269. GBPCAD is unchanged trading between 1.6876 and 1.6935 – near 3 month lows. JPYCAD is unchanged trading between 0.01260 and 0.01263 – near 3 week lows. Gold is unchanged trading between $1,772 - $1,777USD/oz – near an 8 year high. Silver is unchanged holding between $17.94 - $18.06. Oil (WTI crude) is down 0.33% trading between $39.90 - $40.54, holding near 4 month highs.