USDCAD spot rate: 1.3280 - 1.3285 (as at 7:22am PST)
Ranges: | Asia: | 1.3196 | to | 1.3230 |
Europe: | 1.3220 | to | 1.3280 | |
North America: | 1.3250 | to | 1.3291 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3000 | 1.3190 | 1.3300 | 1.3400 |
Key Economic Data Releases:
- No data
Canada | U.S.A. | |
June 20 June 21 | wholesale sales | Existing Home Sales Philly Fed mfg. index |
June 22 Retail sales, consumer price index Markit mfg. / services PMI
Investors dumped riskier assets as a trade dispute between the world's two largest economies showed signs of deepening and accelerating. Stocks dropped, Treasuries rallied and the dollar climbed with the yen. The S&P 500 fell for a third day after losses across Europe and Asia, where Chinese shares plunged after reopening following a holiday. President Donald Trump threatened tariffs on another $200 billion of Chinese goods, and the Asian nation pledged retaliation. The euro dropped after the latest dovish message from the European Central Bank, and the pound weakened as the U.K. prepared for another knife-edge Brexit vote Wednesday. Currently, the TSX is down 0.51% and the DOW is down 1.41%. EURCAD is down 0.06% trading between 1.5260 and 1.5383. GBPCAD is down 0.18% trading between 1.7426 and 1.7544. JPYCAD is up 1.25% trading between 0.01198 and 0.01209. Gold is down 0.90% trading between $1,270 and $1,284USD/oz., silver is down 1.33% trading between $16.24 and $16.55USD/oz., while oil is down 0.90% trading between $64.65 and $65.80.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group