Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 21, 2020


USDCAD spot rate: 1.3455 - 1.3460 (as at 6:57am PST)

Ranges:

Asia:

1.3510

to

1.3526

Europe:

1.3485

To

1.3512

North America:

1.3439

to

1.3475

Technical Support / Resistance:

S2

S1

R1

R2

1.3400

1.3435

1.3530

1.3650

Key Economic Data Releases:

- Canadian Retail sales 18.7% (20.0% exp.) -25.0% previous

Event Calendar:

Date

Canada

U.S.A.

July 22

July 23

July 24

CPI

Housing price index, existing home sales

Jobless claims

Markit manufacturing, new home sales

Stocks rose Tuesday morning, following global equities higher after European Union leaders agreed to a breakthrough fiscal stimulus deal to help support the virus-stricken region. The Nasdaq Composite hit a record high, with tech shares rallying again.

After nearly five days of discussions, the 27 governments comprising the EU agreed to create a 750 billion euro, or $858 billion, recovery fund built through joint borrowing. The agreement will see about half of these funds distributed as grants to the EU states most devastated by the pandemic, while the rest will comprise low-interest loans.

Currently, the TSX is up 0.55% and the DJIA up 0.87%. EURCAD is down 0.74% trading between 1.5374 and 1.5498. GBPCAD is down 0.31% trading between 1.7055 and 1.7159. JPYCAD is down 0.47% trading between 0.01254 and 0.01261. Gold is up 0.89% trading between $1,815 - $1,841USD/oz. Silver is up 0.62% trading between $19.85 - $21.15. Oil (WTI crude) is up 2.75% trading between $40.87 - $42.29.

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