Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 4,2019


VBCE Daily Foreign Exchange Update for Thursday, Apr. 04, 2019

USDCAD spot rate: 1.3350 - 1.3355 (as at 7:18am PST)

Ranges:

Asia:

1.3343

to

1.3354

Europe:

1.3346

to

1.3364

North America:

1.3355

to

1.3373

Technical Support / Resistance:

S2

S1

R1

R2

1.3230

1.3280

1.3380

1.3430

Key Economic Data Releases:

- U.S. Initial Jobless claims 202k (216k exp.) 212k previous

Event Calendar:

Date

Canada

U.S.A.

Apr 5

Net employment change, unemployment rate, Avg. hourly wages

Non-farm payrolls, unemployment rate, avg. hourly earnings

U.S. stocks pushed higher and the dollar strengthened as investors awaited further news from U.S.-China trade negotiations and key jobs data tomorrow in Washington. Speculation that President Donald Trump is likely to announce plans for a future summit meeting with President Xi Jinping of China to resolve remaining trade issues helped to send prices higher. Trump will meet with Chinese Vice Premier Liu He at the White House on Thursday, as negotiations over a trade deal between the world's biggest economies enter what could be the final stages. The deal being crafted would give Beijing until 2025 to meet commitments on commodity purchases and allow American companies to wholly own enterprises in the Asian nation, according to three people familiar with the talks.Currently, the TSX is up 0.09% while the DJIA is up 0.43%. EURCAD is down 0.21% trading between 1.4969 and 1.5016. GBPCAD is down 0.42% trading between 1.7505 and 1.7615. JPYCAD is down 0.35% trading between 0.01196 and 0.01199. Gold is down 0.70% trading between $1,280 and $1,293USD/oz, silver is down 1.06% trading between $14.90 and $15.16USD/oz., while oil is down 0.06% trading between $62.13 and $62.77.

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

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