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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 17, 2020


USDCAD spot rate: 1.3100 - 1.3105 (as at 6:08am PST)

Ranges:

Asia:

1.3092

to

1.3128

Europe:

1.3065

To

1.3124

North America:

1.3066

to

1.3098

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3050

1.3156

1.3200

Key Economic Data Releases:

- Canadian Housing Starts 214.9k (222k exp.) 208.7k previous

- U.S. Retail sales 0.3% (0.5% exp.) 1.6% previous

Event Calendar:

Date

Canada

U.S.A.

Nov. 18

Nov. 19

Nov. 20

CPI

Retail sales, new housing price index

Housing starts, building permits

Jobless claims, Philadelphia Fed mfg. survey

Stocks were mixed Tuesday morning as momentum from Monday's rally lost steam. The S&P 500 and Dow each ticked down after both indices posted record closing highs a day earlier.

After Moderna's (MRNA) released preliminary data Monday morning showing its vaccine candidate was 94.5% effective in preventing coronavirus infections, investors are set to watch to see whether equities follow a similar playbook as they did last week, when news that Pfizer's (PFE) vaccine candidate was 90% effective in preventing COVID-19 first emerged. That announcement had sparked a knee-jerk rally in cyclical and value shares that unwound mid-week, but then reignited again on Monday after Moderna's announcement.

Currently, the TSX is down 0.15% and the DJIA is down 0.18%. EURCAD is up 0.37% trading between 1.5490 and 1.5582. GBPCAD is up 0.49% trading between 1.7262 and 1.7380. JPYCAD is up 0.40% trading between 0.01249 and 0.01259. Gold is down 0.14% trading between $1,884 - $1,892USD/oz while silver is down 0.53% trading between $24.44 - $24.80. Oil (WTI crude) is down 1.15% trading between $40.84 - $41.68.

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