Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 25, 2020


USDCAD spot rate: 1.3405 - 1.3410 (as at 8:19am PST)

Ranges:

Asia:

1.3343

to

1.3365

Europe:

1.3338

To

1.3390

North America:

1.3367

to

1.3413

Technical Support / Resistance:

S2

S1

R1

R2

1.3290

1.3325

1.3418

1.3450

Key Economic Data Releases:

- U.S. durable goods orders: 0.4%exp1.5% prev 11.7% ex transportation: 0.4%exp1.2% prev 3.2%

- U.S. non-defense capital goods orders ex aircraft: 1.8% exp 0.5% prev 2.5%

Event Calendar:

Date

Canada

U.S.A.

Sept 28

Sept 29

Sept 30

Oct 1

Oct 2

GDP (July)

Markit manufacturing PMI

Consumer confidence

ADP employment, GDP Q2

Personal income / spending, jobless claims

ISM / Markit manufacturing PMI

Non-farm payrolls, unemployment rate, average hourly earnings, consumer sentiment index

Yesterday, USDCAD initially climbed from 1.3370 up to 1.3418 – a fresh 7 week high before falling to 1.3325. The pairing then moved back to hold near 1.3360 for the balance of the session. The USD index had rallied 4 consecutive days touching a 2 month high before correcting lower part-way through yesterday's NA session. The USD uptrend has resumed today as the USD index has climbed to a fresh 2 month high again. There were some notable risk off flows during the overnight session with Germany's DAX index down 2%. USDCAD has climbed back above the 1.3400 level this morning and is trading just shy of yesterday's high point. Currently, the TSX and the DJIA are relatively flat – both near 2 month lows. EURCAD is down 0.10% trading between 1.5552 and 1.5600 - near 2 week lows. GBPCAD has fallen from 2 week highs - down 0.40% trading between 1.6990 and 1.7112. JPYCAD is up 0.15% trading between 0.01264 and 0.01269 – near 2 month highs. Gold is down 0.30% trading between $1,852 - $1,875USD/oz while silver is down 0.80% trading between $22.43 - $23.30 – both near 2 month lows. Oil (WTI crude) is down 0.55% trading between $39.75 - $40.60.

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