Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 3, 2020


USDCAD spot rate: 1.2905 - 1.2910 (as at 5:50am PST)

Ranges:

Asia:

1.2919

to

1.2930

Europe:

1.2907

To

1.2941

North America:

1.2903

to

1.2933

Technical Support / Resistance:

S2

S1

R1

R2

1.2850

1.2900

1.3004

1.3070

Key Economic Data Releases:

- U.S. Initial Jobless Claims 712k (775k exp.) 787k previous

Event Calendar:

Date

Canada

U.S.A.

Dec. 4

Net employment change, unemployment rate, avg hourly wages, Int'l merchandise trade

Non-farm payrolls, unemployment rate, avg hourly earnings, trade balance

Contracts on the three major indices hovered near the flat line Thursday morning.

The S&P 500 eked out another all-time closing high at the end of a muted trading day on Wednesday, as investors paused after November's breakneck rally.

More upbeat news around drugmakers' coronavirus vaccines emerged this week, though these did not trigger the outsized moves in the broader market seen last month. Britain became the world's first country to grant emergency authorization for Pfizer and BioNTech's COVID-19 vaccine and is set to begin shots within days. Though emergency use authorization of the vaccine is still being reviewed in the U.S. by the Food and Drug Administration, officials have expressed optimism about first doses getting rolled out in the middle of December.

Currently, the TSX and the DJIA are unchamged. EURCAD is up 0.19% trading between 1.55636 and 1.5697. GBPCAD is up 0.57% trading between 1.7253 and 1.7391. JPYCAD is up 0.47% trading between 0.01235 and 0.01240. Gold is up 0.18% trading between $1,826 - $1,843USD/oz. Silver is up 0.14% trading between $23.80 - $24.27. Oil (WTI crude) is down 0.43% trading between $44.69 - $45.49.

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