Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 06, 2017
USDCAD spot rate: 1.2765 - 1.2770 (as at 7:52am PST)
On Friday, USDCAD initially climbed from 1.2798 up to 1.2837 before falling to 1.2714 after the stronger than expected Canadian jobs report / weaker than expected U.S. jobs report. The pairing bounced to 1.2780 before easing back to close the week at 1.2758. Overnight, USDCAD tested the 1.2780 again before falling to 1.2739. There was another move up to the 1.2780 level this morning and the pairing has since eased lower to 1.2755. Canadian PMI data (readings above 50 signal economic expansion) came in at the best level since January 2016 while oil prices have traded over the $56 level – the highest since July 2015.
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