Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 4, 2018

USDCAD spot rate: 1.3205 - 1.3210 (as at 7:20am PST)

Ranges:

Asia:

1.3178

to

1.3203

Europe:

1.3169

to

1.3191

North America:

1.3164

to

1.3213

Technical Support / Resistance:

S2

S1

R1

R2

1.3070

1.3120

1.3300

1.3360

Key Economic Data Releases:

- Bank of Canada interest rate

Event Calendar:

Date

Canada

U.S.A.

Dec 5

Dec 6

Dec 7

Int'l merchandise trade, Ivey PMI

Net employment change, unemployment rate

Markit services/ISM non-mfg PMI

ADP employment change

Non-farm payrolls, unemployment rate, average hourly earnings, consumer sentiment

The rally in risk assets sparked by the trade truce faded as investors grew skeptical that the U.S. and China made any meaningful breakthrough. The Treasury yield curve continued to flatten and the dollar retreated.

The S&P 500, Dow Jones and Nasdaq indexes all gave up a chunk of yesterday's gains at the New York open, while the Stoxx Europe 600 Index slipped led by automakers. Stocks tumbled in Japan and dropped in Australia and South Korea after media appearances from Trump administration officials on Monday shed little light on the specifics of any Sino-American trade agreement. Shares in Shanghai and Hong Kong fared better, fluctuating before ending higher as the yuan climbed. Currently, the TSX is down 0.20% while the DOW is down 0.68%. EURCAD is up 0.42% trading between 1.4973 and 1.5045. GBPCAD is up 0.36% trading between 1.6759 and 1.6905. JPYCAD is up 0.80% trading between 0.01161 and 0.01170. Gold is up 0.76% trading between $1,230 and $1,241USD/oz., silver is up 1.5% trading between $14.39 and $14.66USD/oz., while oil is up 0.35% trading between $52.92 and $54.55.

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

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