Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 6, 2020


USDCAD spot rate: 1.3545 - 1.3550 (as at 8:23am PST)

Ranges:

Asia:

1.3519

to

1.3554

Europe:

1.3526

To

1.3559

North America:

1.3530

to

1.3552

Technical Support / Resistance:

S2

S1

R1

R2

1.3435

1.3485

1.3587

1.3620

Key Economic Data Releases:

- BoC business outlook survey:

- U.S. markit services PMI: 47.9 (exp 46.7 / prev 46.7)

- U.S. ISM non-mfg PMI: 57.1 (exp 50.1 / 45.4)

Event Calendar:

Date

Canada

U.S.A.

July 7

July 8

July 9

July 10

Ivey purchasing managers index

Housing starts

Housing price index

Net employment change, unemployment rate

EIA crude oil stocks change

Initial jobless claims

Producer price index

U.S. stocks jumped, with tech shares leading the way, as a huge rally in Chinese markets pushed a global equity benchmark toward a one-month high. The dollar fell for a fifth day and Treasuries dipped. The S&P 500 Index headed toward its fifth-straight increase and the Nasdaq Composite rose to a record, with high-flying tech names like Amazon.com Inc. and Tesla Inc. among the best performers. The Stoxx Europe 600 Index climbed more than 1% while developing-nation stocks added more than 2%. Global stock markets started the week in an upbeat mood after a front-page editorial in China's Securities Times on Monday said that fostering a "healthy" bull market after the pandemic is now more important to the economy than ever. The Shanghai Composite Index posted its biggest advance since 2015, fueling bullish spirits around the world, even as investors kept a wary eye on the coronavirus infections sweeping across parts of the U.S. Investors have recognized that as bad as the economy in the U.S. is, it's not as bad as what people thought it would look like in March and April. The market has started to sense we might see better than anticipated results fairly broadly across a wide spread of companies. The MSCI World Index is now at the highest level since early June, with investors putting their faith in an economic recovery powered by historic government stimulus. Currently the TSX is up 0.70% and the DJIA are up 1.39%. EURCAD is up 0.53% trading between 1.5225 and 1.5356. GBPCAD is up 0.08 trading between 1.6884 and 1.6957. JPYCAD is down 0.08% trading between 0.01255 and 0.01261. Gold is up 0.48% trading between $1,7869 - $1,786USD/oz. Silver is up 1.42% trading between $17.93 - $18.39. Oil (WTI crude) is up 1.51% trading between $40.17 - $41.07.

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