USDCAD spot rate: 1.3065 - 1.3070 (as at 8:00am PST)
Ranges: | Asia: | 1.3029 | to | 1.3053 |
Europe: | 1.3043 | to | 1.3072 | |
North America: | 1.3057 | to | 1.3081 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2950 | 1.3000 | 1.3100 | 1.3150 |
Key Economic Data Releases:
- U.S. GDP Q2 4.2% (4.2% exp.) 4.2% previous
- U.S. initial jobless claims 214k (210k exp.) 202k previous
Event Calendar:
Date | Canada | U.S.A. |
Sept 28 | GDP (July) | Core personal consumption exp. price index, personal income / spending, Chicago PMI, consumer sentiment |
U.S. stocks climbed and the dollar jumped to a two-week high as investors digested the likelihood of more Federal Reserve interest-rate increases stretching into next year. Gains in the largest tech companies helped lift the S&P 500 Index after four days of losses, and the Stoxx Europe 600 edged higher. Supportive economic data also fueled gains in the greenback. The euro fell with Italian bonds and equities as a deadline to agree on the country's deficit targets loomed. Ten-year Treasury yields crept higher; the pound slipped. Currently, the TSX is up 0.32% and the DOW is up 0.25%. EURCAD is unchanged trading between 1.5243 and 1.5321. GBPCAD is up 0.04% trading between 1.7101 and 1.7203. JPYCAD is down 0.37% trading between 0.01154 and 0.01159. Gold is down 0.97% trading between $1,183 and $1,198USD/oz., silver is down 0.97% trading between $14.18 and $14.46USD/oz., while oil is up 0.58% trading between $71.75 and $72.58.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group