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

USDCAD spot rate: 1.3420 - 1.3425 (as at 7:22am PST)

Ranges:

Asia:

1.3363

to

1.3406

Europe:

1.3391

to

1.3444

North America:

1.3393

to

1.3430

Technical Support / Resistance:

S2

S1

R1

R2

1.3120

1.3197

1.3450

1.3495

Key Economic Data Releases:

- U.S. Factory Orders -2.1% (-0.2% exp.) 0.2% previous

Event Calendar:

Date

Canada

U.S.A.

Dec 7

Net employment change, unemployment rate

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

U.S. stocks slumped, following European and Asian shares lower, as concern resurfaced that trade tensions between the world's two largest economies are far from resolved. Oil slid as OPEC ministers met in Vienna.The Dow Jones Industrial Average sank more than 500 points, while S&P 500 resumed its slide after one of the biggest routs of the year. Trade tensions reignited after the arrest of the chief financial officer of tech giant Huawei Technologies Co. -- dousing hope China and the U.S. would make immediate progress on a deal. The yuan dropped the most since October. The start of the futures session was marred by a sudden and unexpected plunge that sent a shock wave across equity markets. Currently, the TSX is down 2.16%. The Dow is down 1.84%. EURCAD is up 0.90% trading between 1.5158 and 1.5295. GBPCAD is up 1.06% trading between 1.6999 and 1.7157. JPYCAD is up 0.51% trading between 0.01182 and 0.01194. Gold is up 0.38% trading between $1,235 and $1,244USD/oz., silver is down 0.20 trading between $14.34 and $14.51USD/oz., while oil is down 2.46% trading between $50.24 and $53.30.

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

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