Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 3, 2020


USDCAD spot rate: 1.3105 - 1.3110 (as at 6:05am PST)

Ranges:

Asia:

1.3047

to

1.3070

Europe:

1.3070

To

1.3100

North America:

1.3090

to

1.3119

Technical Support / Resistance:

S2

S1

R1

R2

1.2970

1.3005

1.3124

1.3170

Key Economic Data Releases:

- U.S. Trade Balance -63.6B (-58.0B exp.) -53.5B previous

- U.S. Initial jobless claims 881k (950k exp.) 1011k previous

- Canadian International Trade -2.45B (-2.5B exp.) -1.59B previous

Event Calendar:

Date

Canada

U.S.A.

Sept 4

Net employment, unemployment rate, Ivey purchasing manager index

Non-farm payrolls, unemployment rate, Average hourly earnings

U.S. equities fell as the rotation away from high-flying tech stocks looked set to continue. European shares jumped after France introduced new stimulus measures to drive the economy and spur job creation.

The S&P 500 Index maintained their decline after U.S. initial jobless claims came in slightly better than forecast. Nvidia Corp. and Zoom Video fell in the premarket while JPMorgan Chase & Co. and Bank of America Corp. rose. The euro dipped for a third day on signals the European Central Bank is concerned about the currency's strength. The dollar gained while gold slipped. Treasuries were steady.

Currently, the TSX is down 0.30% and the DJIA is down 0.35%. EURCAD is up 0.32% trading between 1.5427 and 1.5512. GBPCAD is down 0.17% trading between 1.7351 and 1.7420. JPYCAD is up 0.33% trading between 0.01227 and 0.01232. Gold is down 0.56% trading between $1,926 - $1,951USD/oz. Silver is down 1.67% trading between $26.74 - $27.71. Oil (WTI crude) is down 2.29% trading between $40.23 - $41.80.

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