Burnaby Branch Only (Metropolis at Metrotown) New Winter Hours Mon - Fri 10:00 am – 7:00 pm | Sat 10:00 am – 5:00 pm | Sun 11:00 am – 5:00 pm
×

Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 23, 2020


USDCAD spot rate: 1.3145 - 1.3150 (as at 7:50am PST)

Ranges:

Asia:

1.3125

to

1.3158

Europe:

1.3110

To

1.3158

North America:

1.3118

to

1.3160

Technical Support / Resistance:

S2

S1

R1

R2

1.3080

1.3110

1.3160

1.3205

Key Economic Data Releases:

- U.S. Markit manufacturing PMI: 53.3 exp 53.4 prev 53.2

Event Calendar:

Date

Canada

U.S.A.

Oct 26

Oct 27

Oct 28

Oct 29

Oct 30

BOC interest rate decision

Building permits

GDP (Aug)

New home sales

Durable goods orders, housing price index

GDPQ3, jobless claims, pending home sales

Personal income / spending, Chicago PMI


Yesterday, USDCAD climbed from 1.3135 up to 1.3177 before falling back to 1.3123. The pairing then held near 1.3130/50 for the balance of the session. The CAD was the best performing currency while the USD was a close 2nd with the USD index effectively climbing after testing a 7 week / Sept low. The USD broadly gained heading into last night's Presidential debate taking USDCAD up to 1.3158. As the London session got underway, equity markets improved marginally, Germany posted strong manufacturing data, and the USD broadly weakened with USDCAD falling to session lows at 1.3110. The trend has changed yet again this morning with the USD broadly gaining as equities give back overnight gains. Covid cases continue to push higher with both Italy and the U.S. posting record daily cases. Also, there have been several headlines related to a U.S. economic stimulus bill over the past few weeks and it appears that time is running out for anything to pass ahead of the election. USDCAD has climbed to fresh session highs at 1.3160. Subsequent pull-backs have been limited to 1.3142 thus far. Currently, the TSX and the DJIA are flat on the day holding near 2 week lows. EURCAD is up 0.20% trading between 1.5501 and 1.5556 - near 2 week highs. GBPCAD is down 0.30% from 6 week highs trading between 1.7126 and 1.7220. JPYCAD is up 0.15% trading between 0.01252 and 0.01256 – near a 2 week high. Gold is down 0.38% trading between $1,894 - $1,914USD/oz while silver is down 1% trading between $24.44 - $24.85 – both mid-range for the past few weeks. Oil (WTI crude) is down 0.50% from near 7 week highs trading between $40.40 - $40.98.

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.