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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