Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 8, 2020


USDCAD spot rate: 1.2800 - 1.2805 (as at 6:10am PST)

Ranges:

Asia:

1.2792

to

1.2809

Europe:

1.2768

To

1.2802

North America:

1.2777

to

1.2807

Technical Support / Resistance:

S2

S1

R1

R2

1.2710

1.2765

1.2866

1.2940

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Dec. 9

Dec. 10

Dec. 11

Bank of Canada interest rate

CPI, jobless claims

Producer price index, consumer sentiment

Stock opened lower Tuesday morning but still hovered near record levels, as investors weighed rising coronavirus cases in the U.S. against optimism over a stronger recovery in 2021.

The Dow and S&P 500 each extended Monday's modest losses, while those on the Nasdaq fell after closing Monday at a record high.

Investors this week have been closely monitoring developments out of Washington, with lawmakers still working to agree on measures to fund the government and provide another virus relief package. Lawmakers are poised to vote Wednesday on a continuing resolution to push back a deadline to fund the government from Friday to next week in order to avoid a government shutdown.

Currently, the TSX is down 0.10% and the DJIA is down 0.47%. EURCAD is up 0.06% trading between 1.5480 and 1.5522 GBPCAD is up 0.11% trading between 1.7007 and 1.7136. JPYCAD is down 0.23% trading between 0.01227 and 0.01231. Gold is up 0.42% trading between $1,860 - $1,871USD/oz. Silver is up 0.43% trading between $24.42 - $24.75. Oil (WTI crude) is down 0.69% trading between $45.15 - $45.92.

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