Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 23, 2020


USDCAD spot rate: 1.2846 - 1.2851 (as at 8:30am PST)

Ranges:

Asia:

1.2881

to

1.2915

Europe:

1.2865

To

1.2895

North America:

1.2846

to

1.2886

Technical Support / Resistance:

S2

S1

R1

R2

1.2772

1.2833

1.2923

1.3011

Key Economic Data Releases:

- Canada GDP: 0.4% (exp 0.3%/ prev 0.8%)

- U.S. personal income/spending: -1.1% (exp -0.3% / prev -0.6%)

- U.S. personal spending: -0.4% (exp -0.2% / prev 0.3%):

Event Calendar:

Date

Canada

U.S.A.

Dec. 24

Dec. 25

Building permits

Christmas Day

Durable goods orders

Christmas Day

USD weakness and a solid pick up in the market's appetite for risk as reports coming out of the UK indicate that a Brexit deal is close at hand has put USD/CAD under pressure and sent the pair below the 1.2850 mark, after it already crossed below the 1.2900 level during Wednesday's Asia Pacific session. Strength in crude oil prices, which has seen WTI gain roughly $1 and rise above the $48.00 level again is also helping the loonie, while October GDP numbers have largely gone under the radar. At present, USD/CAD is trading lower by about 50 pips or around 0.35% on the day. Currently, the TSX is up 0.34% and the DJIA is up 0.72%. EURCAD is down 0.28% trading between 1.5656 and 1.5719. GBPCAD is up 0.56% trading between 1.7255 and 1.7434. JPYCAD is down 0.40% trading between 0.01240 and 0.01246. Gold is up 0.42% trading between $1,856 - $1,878USD/oz. Silver is up 0.85% trading between $25.05 - $25.74. Oil (WTI crude) is up 1.89% trading between $46.18 - $48.11.

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