Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 17, 2020


USDCAD spot rate: 1.3215 - 1.3220 (as at 6:38am PST)

Ranges:

Asia:

1.3180

to

1.3230

Europe:

1.3205

To

1.3247

North America:

1.3183

to

1.3226

Technical Support / Resistance:

S2

S1

R1

R2

1.3100

1.3175

1.3250

1.3300

Key Economic Data Releases:

- U.S. Initial jobless claims 860k (850k exp.) 893k previous

- U.S. Housing starts 1.416M (1.478M exp.) 1.492M previous

Event Calendar:

Date

Canada

U.S.A.

Sept 16

Sept 17

Sept 18

CPI

Retail sales

Retail sales, Fed interest rate / economic projections

Housing starts, jobless claims

Consumer sentiment index

Stocks were pinned deep in the red on Thursday, as caution returned to the market in the wake of the Federal Reserve's decision to keep monetary policy loose for the immediate future. The US dollar rose against its peers.

On Wednesday, the Fed signaled that near-zero interest rates would remain for at least the next three years, as the US economy continues to face risks around the ongoing pandemic. The Federal Open Market Committee issued expectations for interest rates to remain near zero until at least the end of 2023.

Currently, the TSX is down 0.80% while the DJIA is down 1.40%. EURCAD is up 0.05% trading between n 1.5531 and 1.5611. GBPCAD is down 0.20% trading between 1.6977 and 1.7154. JPYCAD is up 0.70% trading between 0.01254 and 0.01264. Gold is down 1.20% trading between $1,934 - $1,959USD/oz. Silver is down 2.56% trading between $26.48 - $27.19. Oil (WTI crude) is down 0.90% trading between $39.42 - $40.39.

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