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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