Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 14, 2020


USDCAD spot rate: 1.3135 - 1.3140 (as at 8:26am PST)

Ranges:

Asia:

1.3127

to

1.3157

Europe:

1.3116

To

1.3148

North America:

1.3126

to

1.3147

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3107

1.3166

1.3230

Key Economic Data Releases:

- U.S. PPI: 0.04% (exp 0.2% / prev 0.03%)

Event Calendar:

Date

Canada

U.S.A.

Oct 15

Oct 16

BOC Lane speech

Retail sales

Jobless claims, Philly Fed mfg. survey

Retail sales, industrial production


Stocks fluctuated as traders parsed results from big banks amid dwindling prospects for a pre-election stimulus deal. Federal Reserve Bank of Richmond President Thomas Barkin said a surge in U.S. coronavirus cases to about 50,000 a day has added uncertainty to the outlook and may discourage businesses from hiring or investing. House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell have dug into their opposing stances on a pandemic relief, effectively killing off chances for a deal before the Nov. 3 election. With Treasury Secretary Steven Mnuchin headed to the Middle East next week, further negotiations to reach a deal may be put off. With the understanding that stimulus won't occur before the election, the market continues to grapple with the potential political outcomes. Earnings season continues to come into focus but it's been rather tough to draw inspiration from what have generally been noisy/messy figures from mostly financial services firms and banks that have reported thus far. Currently, the TSX is up 0.10% the DJIA is up 0.03%. EURCAD is up 0.12% trading between 1.5386 and 1.5460. GBPCAD is up 0.72% trading between 1.6903 and 1.7160. JPYCAD is up 0.32% trading between 0.01244 and 0.01250. Gold is up 0.90% trading between $1,882 - $1,912USD/oz while silver is up 1.35% trading between $23.86 - $24.62. Oil (WTI crude) is up 1.78% trading between $39.84 - $41.12.

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