Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 9, 2020

USDCAD spot rate: 1.3510 - 1.3515 (as at 6:49am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Initial jobless claims 1314k (1375k exp.) 1413k previous

- Canadian Housing Starts 211.7k (198k exp.) 195.5k previous

Event Calendar:

U.S. equities edged higher after a larger-than-forecast fall in initial jobless claims blunted concern that an increase in coronavirus cases will derail the world's biggest economy.

Tech shares once again led the advance, while the dollar slumped and Treasury yields dipped as initial jobless claims fell by 99,000 to 1.31 million in the week ended July 4. Continuing claims also declined, showing an improved labor market even as Covid-19 cases climb, pushing past 12 million worldwide.

In Europe, stocks rose for the first time in three days, with shares in the region's largest technology company, SAP SE, jumping more than 8% at one point after it reported better-than-expected second-quarter revenue on returning demand for software in Asia.

Currently the TSX is up 0.13% and the DJIA is up 0.21%. EURCAD is down 0.03% trading between 1.5280 and 1.5350. GBPCAD is up 0.27 trading between 1.7034 and 1.7097. JPYCAD is down 0.38% trading between 0.01257 and 0.01260. Gold is up 0.26% trading between $1,804 - $1,815USD/oz. Silver is up 1.24% trading between $18.65 - $19.03. Oil (WTI crude) is down 0.27% trading between $40.62 - $40.94.