USDCAD spot rate: 1.2920 - 1.2925 (as at 8:08am PST)
Ranges: | Asia: | 1.2886 | to | 1.2921 |
Europe: | 1.2888 | to | 1.2926 | |
North America: | 1.2903 | to | 1.2924 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2770 | 1.2860 | 1.2935 | 1.3040 |
Key Economic Data Releases:
- U.S. Wholesale inventories .4% (.3% exp.) .3% prev.
- Canadian Housing starts 212.7k (200.0k exp.)
Key Event Calendar:
Date | Canada | U.S.A. |
July 12 July 13 July 14 | Bank of Canada interest rate New housing price index | Crude oil inventories Producer price index CPI, retail sales, industrial production |
The dollar hit a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, on bets for higher interest rates in a small but growing group of major economies. With the expectations fuelled by increasingly robust-looking global growth, MSCI's 46-country All World share index was up for a third day running, although it started to slip as Europe's courses lost their footing early on. Currently, the TSX is down 0.26% while the DOW is up 0.04%. EURCAD is up 0.40% trading between 1.4674 and 1.4747. GBPCAD is up 0.01% trading between 1.6594 and 1.6693. JPYCAD is down 0.01% trading between 0.01121 and 0.01130. Gold is down 0.24% trading between $1,209 and $1,216USD/oz., silver is down 0.21% trading between $15.47 and $15.71USD/oz., while oil is down 0.15% trading between $43.86 and $44.88.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group