Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 25, 2020


USDCAD spot rate: 1.3005 - 1.3010 (as at 8:23am PST)

Ranges:

Asia:

1.2990

to

1.3028

Europe:

1.2998

To

1.3029

North America:

1.2997

to

1.3026

Technical Support / Resistance:

S2

S1

R1

R2

1.2900

1.2950

1.3070

1.3120

Key Economic Data Releases:

- U.S. GDP Q3: 3.7% (exp 3.7% / prev 3.7%)

- U.S. durable goods orders: 1.3% (exp 0.9% / prev 2.1%)

- U.S. new home sales: -0.3% (exp 1.5% / 0.1%)

- U.S. personal income: -0.7% (exp 0% / prev 0.7%)

- U.S. jobless claims: 778k (exp 730k / prev 748k)

- U.S. FOMC minutes: 12pm

Event Calendar:

Date

Canada

U.S.A.

Nov. 26

Nov. 27

Thanksgiving Day


The USD/CAD pair fell to its lowest level in two weeks at 1.2990 during the Asian session on Wednesday before staging a rebound. Crude oil rally since the beginning of the week helped the commodity-related loonie outperform its rivals. On the back of renewed optimism for a steady recovery in the global energy demand, the barrel of West Texas Intermediate touched its highest level since early March at $45.73. Ahead of the US Energy Information Administration's Crude Oil Stocks Change data, the WTI is consolidating its gains a little above $45, making it difficult for the CAD to preserve its strength. Meanwhile, the greenback is finding demand as the market mood turns cautious with investors. Currently, the TSX is up 0.06% and the DJIA is down 0.43%. EURCAD is up 0.13% trading between 1.5450 and 1.5508. GBPCAD is up 0.27% trading between 1.7317 and 1.7416. JPYCAD is up 0.21% trading between 0.01242 and 0.01247. Gold is up 0.16% trading between $1,801 - $1,817USD/oz. Silver is up 0.59% trading between $23.09 - $23.52. Oil (WTI crude) is up 0.70% trading between $44.73 - $45.73.

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