Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 19, 2021


VBCE Daily Foreign Exchange Update for Tuesday, Jan. 19, 2021

USDCAD spot rate: 1.2725 - 1.2730 (as at 5:30am PST)

Ranges:

Asia:

1.2719

to

1.2737

Europe:

1.2722

To

1.2749

North America:

1.2722

to

1.2735

Technical Support / Resistance:

S2

S1

R1

R2

1.2580

1.2700

1.2800

1.2918

Key Economic Data Releases:

- no data

Event Calendar:

Date

Canada

U.S.A.

Jan. 21

Jan. 22

Jan. 23

CPI, Bank of Canada interest rate

Retail sales

Crude oil inventories

Housing starts, jobless claims

Markit manufacturing PMI

Stock futures pointed to a higher open Tuesday morning as traders returned from a long holiday weekend in the U.S. and eyed signs of mounting support for significant fiscal stimulus out of Washington.

Contracts on the Dow added 190 points, or 0.6%, with about two hours left until the opening bell. S&P 500 futures gained 0.7% and contracts on the Nasdaq outperformed, rising nearly 1%.

On Tuesday, the Senate Finance Committee will consider President-elect Joe Biden's nomination of Janet Yellen for Treasury Secretary, in one of the closely watched Cabinet confirmation hearings of the week. Yellen is set to advocate for major fiscal action to help support the virus-stricken economy, and will tell Congress to "act big" when it comes to more aid, according to reports of her prepared remarks.

Currently, the TSX is up 0.21% and the DJIA is up 0.57%. EURCAD is up 0.27%, trading between 1.5379 and 1.5494. GBPCAD is up 0.11% trading between 1.7298 and 1.7345. JPYCAD is down 0.39% trading between 0.01222 and 0.01228. Gold is down 0.14% trading between $1,832 - $1,845USD/oz. Silver is up 0.23% trading between $24.96 - $25.41. Oil (WTI crude) is up 0.26% trading between $52.25 - $52.77.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group

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