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


USDCAD spot rate: 1.3135 - 1.3140 (as at 6:26am PST)

Ranges:

Asia:

1.3217

to

1.3259

Europe:

1.3178

To

1.3239

North America:

1.3159

to

1.3205

Technical Support / Resistance:

S2

S1

R1

R2

1.3080

1.3123

1.3295

1.3340

Key Economic Data Releases:

- U.S. PPI -0.2% (-0.3% exp.) -0.4% previous

- U.S. Initial jobless claims 884k (846k exp.) 884k previous

Event Calendar:

Date

Canada

U.S.A.

Sept 11

Consumer price index

The Dow was flat this morning while the Nasdaq 100 Index has climbed, indicating technology shares will extend their rebound. The euro added to gains after the region's central bank was said to agree that there's no reason to overreact to the currency's strength.

Apple Inc. and Tesla Inc. rose with Nasdaq 100 futures adding 0.9%. The S&P 500 also turned higher even as data showed jobless claims failed to drop last week as anticiapted. Treasuries declined, while gold advanced with the weaker dollar. BP Plc slipped after making its first venture into offshore wind power with a $1.1 billion purchase of U.S. assets from Norway's Equinor ASA.

Currently, the TSX and the DJIA have started the morning flat. EURCAD is up 0.67% trading between n 1.5520 and 1.5631. GBPCAD is down 0.34% trading between 1.6990 and 1.7151. JPYCAD is up 0.30% trading between 0.01237 and 0.01241. Gold is up 0.38% trading between $1,942 - $1,958USD/oz. Silver is up 1.31% trading between $26.86 - $27.39. Oil (WTI crude) is down 1.18% trading between $37.31 - $38.12.

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