Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 24, 2020
USDCAD spot rate: 1.3405- 1.3410 (as at 6:08am PST)
| Ranges: | Asia: | 1.3372 | to | 1.3395 |
| Europe: | 1.3385 | To | 1.3415 | |
| North America: | 1.3380 | to | 1.3416 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.3285 | 1.3350 | 1.3420 | 1.3480 |
Key Economic Data Releases:
- U.S. Initial jobless claims 878.25k (944.07k exp.) 913.5k previous
Event Calendar:
| Date | Canada | U.S.A. |
| Sept 25 | Durable goods orders |
Stock slumped after data showing high American jobless claims added to concern over a slow economic recovery without further stimulus. The dollar climbed.
Goldman Sachs Group Inc. economists halved their forecast for U.S. growth in the fourth quarter after deciding there will not be additional fiscal stimulus until next year. The researchers led by Jan Hatzius now predict the world's largest economy will expand 3% on a quarterly annualized basis, down from the 6% they previously anticipated.
Currently, the TSX is down 2.17% and the DJIA are down 1.62%. EURCAD is down 0.21% trading between 1.5577 and 1.5637. GBPCAD is up 0.37% trading between 1.7015 and 1.7117. JPYCAD is up 0.36% trading between 0.01268 and 0.01273. Gold is down 0.12% trading between $1,848 - $1,806USD/oz. Silver is up 0.26% trading between $21.64 - $22.72. Oil (WTI crude) is down 0.66% trading between $39.32 - $40.08.
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