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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 20, 2020


USDCAD spot rate: 1.3065 - 1.3070 (as at 8:02am PST)

Ranges:

Asia:

1.3052

to

1.3088

Europe:

1.3048

To

1.3077

North America:

1.3039

to

1.3072

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3035

1.3120

1.3170

Key Economic Data Releases:

- Canada retail sales : 1.1% exp 0.2% prev 0.4% ex autos: 1% exp 0.2% prev 0.5%

- Canada new housing price index m/m: 0.8% exp 1% prev 1.2%

Event Calendar:

Date

Canada

U.S.A.

Nov. 23

Nov. 24

Nov. 25

Nov. 26

Nov. 27

Markit manufacturing PMI

Housing price index, consumer confidence

GDP Q3, durable goods orders, new homes sales, personal income, jobless claims, FOMC minutes

Thanksgiving Day

Yesterday, USDCAD climbed from 1.3078 up to 1.3123 before falling back to 1.3055. The pairing then climbed back to 1.3088 as equity futures turned negative. The U.S. Treasury announced late in the day that it is looking to recover unused funds from several emergency lending programs set up by the U.S. Fed. Overnight, equity futures pared earlier losses while the USD broadly weakened taking USDCAD down to 1.3048. Canadian Sept retail sales data was stronger than expected but did not spark much of a reaction. USDCAD dipped to 1.3039 but has since moved back up to 1.3072. Currently, the TSX and the DJIA are down 0.20% and 0.45% respectively. EURCAD is down 0.17% trading between 1.5475 and 1.5538 - near a 1 week low. GBPCAD is up 0.15% trading between 1.7309 and 1.7366 – near a 3 month high. JPYCAD is unchanged trading between 0.01256 and 0.01260 – near a 2 week high. Gold is up 0.40% trading between $1,861 - $1,880USD/oz, effectively bouncing off of key $1,852 support / 4 month lows. Silver is up 1% trading between $23.90 - $24.52. Oil (WTI crude) is down 0.40% trading between $41.52 - $42.36 – still holding near a 1 week high.

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