USDCAD spot rate: 1.3425 - 1.3430 (as at 7:50am PST)
Ranges: | Asia: | 1.3460 | to | 1.3508 |
Europe: | 1.3460 | to | 1.3498 | |
North America: | 1.3422 | to | 1.3479 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3350 | 1.3420 | 1.3510 | 1.3560 |
Key Economic Data Releases:
- U.S. Chicago purchasing managers index: 54.6 (exp. 57.0 / prev. 57.6)
Key Event Calendar:
Date | Canada | U.S.A. |
Jan. 2 Jan. 3 Jan. 4 Jan. 5 Jan. 6 | Holiday RBC manufacturing PMI Net employment change, unemployment rate, trade balance | Holiday ISM manufacturing PMI ADP employment change ISM non-manufacturing PMI Non-farm payrolls, unemployment rate, Avg hourly earnings, trade balance |
Yesterday, USDCAD traded from 1.3561 down to 1.3503 before bouncing back to 1.3560 in early North American trade. From there, USDCAD eased to 1.3481 amidst broad-based USD weakness before bouncing to 1.3508. The USD sell-off continued overnight taking USDCAD to 1.3460. The pairing has eased to its lowest level since Dec. 21st near 1.3400 this morning and has shown little signs of reversing course as markets pare positions into year-end. Currently, the TSX and the DJIA are down 0.20% and 0.12% respectively. EURCAD is up 0.20% trading between 1.4151 and 1.4362. GBPCAD is up 0.40% trading between 1.6532 and 1.6646. JPYCAD is down 0.70% trading between 0.01150 and 0.01161. Gold is down 0.10% trading between $1,156 and $1,163USD/oz., silver is down 0.36% trading between $16.11 and $16.27USD/oz., while oil is down 0.25% trading between $53.44 and $54.06.