Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 6, 2018

USDCAD spot rate: 1.3120 - 1.3125 (as at 7:15am PST)

Ranges:

Asia:

1.3108

to

1.3113

Europe:

1.3106

to

1.3131

North America:

1.3115

to

1.3125

Technical Support / Resistance:

S2

S1

R1

R2

1.3015

1.3050

1.3138

1.3180

Key Economic Data Releases:

- Canadian Building permits 0.4% (0.4% exp.) -1.1% previous

Event Calendar:

Date

Canada

U.S.A.

Nov 7

Nov 8

Nov 9

Ivey purchasing managers index

Housing starts

Fed interest rate decision

Producer price index

U.S. stocks climbed in relatively light volume as the U.S. midterm elections got underway.The Stoxx Europe 600 Index slid a second day. Oil traded near the lowest level in seven months as concerns over a supply crunch eased. Investors watched for developments on trade as China's vice president said Beijing remained ready to discuss a deal with Washington. Government bonds in Europe and the U.S. were mixed, but mostly little changed. The euro recovered from disappointing manufacturing data to gain, while the pound strengthened despite no apparent progress on Brexit negotiations. The dollar fell for a second day.

Currently, the TSX is up 0.33% while the DOW is up 0.21%. EURCAD is up 0.15% trading between 1.4941 and 1.5002. GBPCAD is up 0.22% trading between 1.7085 and 1.7184. JPYCAD is up 0.18% trading between 0.01155 and 0.01159. Gold is down 0.39% trading between $1,228 and $1,235USD/oz., silver is down 0.32% trading between $14.57 and $14.71USD/oz., while oil is up 0.17% trading between $62.60 and $63.30.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group


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