USDCAD spot rate: 1.3500 - 1.3505 (as at 8:13am PST)
Ranges: | Asia: | 1.3521 | to | 1.3561 |
Europe: | 1.3503 | to | 1.3560 | |
North America: | 1.3481 | to | 1.3560 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3400 | 1.3450 | 1.3588 | 1.3650 |
Key Economic Data Releases:
- U.S. crude oil inventories: -0.614M (exp. -2.06M / prev. -2.256M)
Key Event Calendar:
Date | Canada | U.S.A. |
Dec. 30 | Chicago purchasing managers index |
The dollar dropped the most in 2 weeks while oil retreated from its highest close in 17 months as investors prepared to close out a volatile year for financial markets. US stocks fluctuated after the biggest slide in 2 months. The Bloomberg Dollar Spot Index fell for the first time in 4 days after reaching the highest level in a decade. The S&P 500 Index was little changed in trading 48% below the 30 day average at this time of day. The strengthening yen sent Japan's Topix to its biggest drop in more than a month, while European shares extended losses for 2016. Crude in New York slipped for the first time in 9 days, halting the longest rally since 2010. Gold extended gains with copper. Currently, the TSX is up 0.36% and the Dow is up 0.02%. EURCAD is up 0.21% trading between 1.4107 and 1.4178. GBPCAD is down 0.34% trading between 1.6516 and 1.6601. JPYCAD is up 0.28% trading between 0.01156 and 0.01162. Gold is up 0.68% trading between $1,141 and $1,150USD/oz., silver is up 0.42% trading between $15.99 and $16.21USD/oz., while oil is up 0.77% trading between $53.49 and $54.14.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group