Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 19, 2018

USDCAD spot rate: 1.3180 - 1.3185 (as at 9:56am PST)


Europe: 1.3150to1.3178

North America:1.3160to1.3202

Technical Support / Resistance:


Key Economic Data Releases:

- no key releases

Event Calendar:

Nov 20
Nov 21
Nov 22
Nov 23
Bank of Canada Wilkins speech

Retail sales, CPI
Housing starts, building permits
Durable goods, existing home sales
Thanksgiving Day
Markit manufacturing / services index

On Friday, USDCAD dropped from 1.3187 down to 1.3127 – a 7 session low before closing the week near 1.3150. Broad-based USD selling continued today with the USD index falling to an 11 day low. Oil prices gave up early gains falling $2 on reports Russia wants to play a wait and see approach towards proposed oil production cuts. Equity markets have turned sharply lower during North American trade and USDCAD has moved higher to test the 1.3200 level. Pull-backs have been limited to 1.3170 thus far. Currently, the TSX and the DJIA are down 0.45% and 1.58% respectively. EURCAD is up 0.53% trading between 1.4995 and 1.5108 – near 3 week highs. GBPCAD is up 0.43% trading between 1.6850 and 1.6962. JPYCAD is up 0.52% trading between 0.01165 and 0.01173. Gold is up 0.16% trading between $1,217 and $1,224USD/oz., silver is up 0.10% trading between $14.33 and $14.44USD/oz., while oil is down 1% trading between $55.24 and $57.53.

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


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