Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 25, 2020


USDCAD spot rate: 1.3180 - 1.3185 (as at 6:39am PST)

Ranges:

Asia:

1.3215

to

1.3239

Europe:

1.3210

To

1.3230

North America:

1.3177

to

1.3208

Technical Support / Resistance:

S2

S1

R1

R2

1.3075

1.3125

1.3250

1.3290

Key Economic Data Releases:

- No Major data releases

Event Calendar:

Date

Canada

U.S.A.

Aug 26

Aug 27

Aug 28

GDP (June), GDP Q2

Durable goods orders, crude oil stocks change

GDP (Q2), jobless claims, pending home sales

Personal income / spending

Global stocks are on the rise as America and China signaled progress on their phase-one trade deal. Treasuries slipped with the dollar.

S&P 500 advanced and shares rose throughout most of Asia as the two countries reaffirmed their commitment to a deal despite disagreement over issues such as tech security and Hong Kong. The Stoxx Europe 600 Index advanced for a second day after figures showed German companies turning slightly more optimistic on the economic recovery.

Oil edged higher as traders eyed Tropical Storm Laura, which is expected to strengthen into a hurricane before making landfall later this week. U.S. gasoline futures rose to the highest level since March on concern over possible fuel shortages.

Currently, the TSX is up 0.58% while the DJIA is up 0.61%s. EURCAD is up 0.02% trading between 1.5578 and 1.5647. GBPCAD is up 0.41% trading between 1.7275 and 1.7352. JPYCAD is down 0.38% trading between 0.01239 and 0.01249. Gold is up 0.13% trading between $1,919 - $1,937USD/oz. Silver is up 0.22% trading between $26.27 - $26.80. Oil (WTI crude) is up 0.89% trading between $42.47 - $43.02.

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