USDCAD spot rate: 1.3265 - 1.3270 (as at 7:20am PST)
Ranges: | Asia: | 1.3278 | to | 1.3286 |
Europe: | 1.3253 | to | 1.3293 | |
North America: | 1.3257 | to | 1.3309 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3190 | 1.3250 | 1.3390 | 1.3440 |
Key Economic Data Releases:
- FMOC Minutes
Event Calendar:
Date | Canada | U.S.A. |
Nov 30 | GDP Q3 | Chicago purchasing managers index |
U.S. stocks halted a three-day rally as investors awaited developments in the trade war with China and assessed the impact of falling Treasury rates. The S&P 500 fell following the biggest gain in eight months Wednesday that was fueled by a dovish tone from Federal Reserve Chairman Jerome Powell. Banks and tech companies paced the decline. The 10-year Treasury yield dropped to the lowest level in two months, while the dollar slid for a second day ahead of a sit-down between Presidents Donald Trump and Xi Jinping that could be pivot point in the trade war between the two countries. Currently, the TSX is up 0.30% and the DOW is down 0.25%. EURCAD is up 0.16% trading between 1.5074 and 1.5125. GBPCAD is down 0.44% trading between 1.6926 and 1.7049. JPYCAD is up 0.36% trading between 0.01169 and 0.01173. Gold is up 0.30% trading between $1,220 and $1,228USD/oz., silver is down 0.15% trading between $14.27 and $14.37USD/oz., while oil is up 1.85% trading between $49.42 and $51.54.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group