Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 13, 2020

USDCAD spot rate: 1.3155 - 1.3160 (as at 7:58am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. producer price index m/m: 0.3% exp 0.2% prev 0.4% y/y: 0.5% exp 0.4% prev 0.4%

- U.S. PPI ex food / energy m/m: 0.1% exp 0.2% prev 0.4% y/y: 1.1% exp 1.2% prev 1.2%

- U.S. consumer sentiment index: 77 exp 82 prev 81.8

Event Calendar:

Yesterday, USDCAD climbed from 1.3056 up to 1.3150 before falling back to 1.3100. The pairing then climbed back to hold near 1.3130 – 1.3150 for the balance of the session. Overnight, gains extended to 1.3170 as risk aversion flows continued to benefit the USD and JPY. The trend changed during the London session as equity markets turned positive sending the USD broadly lower with USDCAD falling to session lows near 1.3120. North American markets are seeing modest gains to start the session while oil prices continue to slide after trading near 8 month highs earlier this week. USDCAD has since climbed back to test session highs near 1.3170. Since touching 2 year lows at 1.2930 on Monday, USDCAD has trended higher and is now near the highest since Nov.5^th. Currently, the TSX and the DJIA are both up 0.70%. EURCAD is up 0.30% trading between 1.5502 and 1.5564 - near a 2 week high after having fallen to 4 month lows earlier this week. GBPCAD is up 0.40% trading between 1.7219 and 1.7321 – near a 10 week high. JPYCAD is up 0.60% trading between 0.01248 and 0.01258 – near a 1 week high after having fallen to 8 month lows earlier this week. Gold is up 0.80% trading between $1,874 - $1,897USD/oz while silver is up 1.75% trading between $24.15 - $24.81 – both rebounding from near 4 month lows earlier this week. Oil (WTI crude) is down 2% trading between $40.43 - $41.36 – near a 1 week low.