Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 1, 2020


USDCAD spot rate: 1.3035 - 1.3039 (as at 6:41am PST)

Ranges:

Asia:

1.3072

to

1.3105

Europe:

1.3060

To

1.3098

North America:

1.3022

to

1.3070

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3022

1.3100

1.3160

Key Economic Data Releases:

-No major data release at time of report

Event Calendar:

Date

Canada

U.S.A.

Sept 2

Aug 3

Aug 4

Int'l merchandise trade

Net employment, unemployment rate, Ivey purchasing manager index

ADP employment, crude oil stocks

Trade balance, jobless claims

Non-farm payrolls, unemployment rate, Average hourly earnings

U.S. stock rose, with tech once again leading the charge, while European shares drifted. The dollar dropped to a two-year low on growing conviction that U.S. interest rates will stay suppressed, lifting commodity prices.

The Nasdaq climbed almost 1% as Zoom Video Communications Inc. led a market rally in U.S. work-from-home companies after reporting a surge in revenue. Mining shares were among the best performers in the Stoxx Europe 600 as oil, copper and gold gained. The euro strengthened to just below $1.20 and China's yuan touched the highest since 2019. The yield on 10-year Treasuries rose.

The TSX and the DJIA are both up by roughly 0.25%. EURCAD is up 0.10% trading between 1.5549 and 1.5624. GBPCAD is up 0.30% trading between 1.7406 and 1.7549. JPYCAD is up 0.30% trading between 0.01227 and 0.01232. Gold is up 0.90% trading between $1,967 - $1,992USD/oz. Silver is up 2% trading between $28.11 - $28.90. Oil (WTI crude) is up 0.95% trading between $42.80 - $43.23 .

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