Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 8, 2020


USDCAD spot rate: 1.3230 - 1.3235 (as at 6:18am PST)

Ranges:

Asia:

1.3250

to

1.3266

Europe:

1.3235

To

1.3252

North America:

1.3229

to

1.3249

Technical Support / Resistance:

S2

S1

R1

R2

1.3100

1.3200

1.3270

1.3420

Key Economic Data Releases:

- U.S. Initial jobless claims 840k (820k exp.) 849k previous

Event Calendar:

Date

Canada

U.S.A.

Oct 9

Net employment change, unemployment rate

Jobless claims

Stock advanced Thursday morning, after the three major indices closed at their highest levels in more than one month a day earlier, and investors digested a new round of jobless claims that were higher than expected.

Traders clung to hope that some aid out of Washington – if not a multi-trillion dollar, comprehensive virus relief package – might transpire in the near-term.

Currently, the TSX and the DJIA are both up 0.50%. EURCAD is down 0.05% trading between 1.5553 and 1.5607. GBPCAD is down 0.31% trading between 1.7067 and 1.7179. JPYCAD is down 0.25% trading between 0.01247 and 0.01250. Gold is up 0.72% trading between $1,883 - $1,899USD/oz while silver is up 1.36% trading between $23.70 - $24.154. Oil (WTI crude) is up 1.79% trading between $39.77 - $40.82.

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