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 November 6, 2020


USDCAD spot rate: 1.3030 - 1.3335 (as at 8:29am PST)

Ranges:

Asia:

1.3048

to

1.3097

Europe:

1.3045

To

1.3088

North America:

1.3022

to

1.3071

Technical Support / Resistance:

S2

S1

R1

R2

1.2950

1.2999

1.3148

1.3195

Key Economic Data Releases:

- Canada net employment change: 83.6k (exp 100k / prev 378,200k)

- Canada unemployment rate: 8.9% (exp 8.8% prev 9%)

- U.S. non-farm payrolls: 638k (exp 600k / prev 672k)

- U.S. unemployment rate: 6.9% (exp 7.7 prev 7.9%)

Event Calendar:

Date

Canada

U.S.A.

Nov. 9

Nov. 10

Nov. 11

Nov. 12

Nov. 13

Remembrance Day

BOC Wilkins speech

Veterans Day

CPI, jobless claims

Producer price index, consumer sentiment index


The USD/CAD pair surrendered a major part of its intraday recovery gains and was last seen hovering near the lower end of its daily trading range, around mid-1.3000s, virtually unchanged on the day. The USD failed to capitalize on the early attempted recovery move, instead witnessed some fresh selling amid increasing odds that Democrat candidate Joe Biden will become the next US president. In the latest US election update, the former Vice President has taken a small lead in the key battleground state of Pennsylvania. With the US political headlines turning out to be an exclusive driver, the USD bulls seemed unimpressed, rather shrugged off Friday's better-than-expected US monthly jobs report. The emergence of some fresh US selling, in turn, was seen as one of the key factors that capped the upside for the USD/CAD pair. The downside, however, remained cushioned on the back of weaker crude oil prices, now down over 2.5% for the day, which tends to undermine demand for the commodity-linked currency, the loonie. The CAD was further pressured by disappointing domestic employment details. Nevertheless, the USD/CAD pair remains well within striking distance of two-month lows set in the previous session at 1.3028 and remains vulnerable to slide further. Currently, the TSX is up 0.05% and the DJIA is down 0.09%. EURCAD is up 0.09% trading between 1.5427 and 1.5527. GBPCAD is down 0.19% trading between 1.7109 and 1.7189. JPYCAD is down 0.13% trading between 0.01259 and 0.01265. Gold is up 0.27% trading between $1,935 - $1,960 USD/oz while silver is up 1.13% trading between $24.88 - $25.83. Oil (WTI crude) is down 2.83% trading between $37.34 - $38.52.

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.