Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 11, 2020


USDCAD spot rate: 1.3300 - 1.3305 (as at 6:25am PST)

Ranges:

Asia:

1.3320

to

1.3355

Europe:

1.3300

To

1.3352

North America:

1.3271

to

1.3310

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3270

1.3360

1.3425

Key Economic Data Releases:

- U.S. PPI 0.6% (0.3% exp.) -0.2% previous

- Canadian Housing starts 245.6k (210k exp.) 211.7k previous

Event Calendar:

Date

Canada

U.S.A.

Aug 12

Aug 13

Aug 14

Manufacturing sales

CPI, crude oil stocks change

Initial jobless claims

Retail sales, industrial production

U.S. stock advanced after President Donald Trump said he's considering a tax cut on capital gains and American hospitalizations for Covid-19 fell to their lowest in a month.

A broad rally from industrial goods to health-care shares set the Stoxx Europe 600 Index headed for its best increase in a week.

Treasuries and European bonds extended their declines. The dollar turned lower against its major peers including the euro, after a German gauge of investor confidence unexpectedly surged. Gold fell for a third day.

Currently, the TSX is down 0.30% and the DJIA is up 0.61%. EURCAD is up 0.10% trading between 1.5643 and 1.5688. GBPCAD is down 0.12% trading between 1.7386 and 1.7462. JPYCAD is down 0.37% trading between 0.01251 and 0.01259. Gold is down 3.37% trading between $1,953 - $2,028USD/oz. Silver is down 6.91% trading between $27.07 - $29.17. Oil (WTI crude) is up 1.63% trading between $41.99 - $42.88

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