Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 9, 2019



VBCE Daily Foreign Exchange Update for Tuesday, July 9, 2019

USDCAD spot rate: 1.3120 - 1.3125 (as at 7:22am PST)

Ranges:

Asia:

1.3098

to

1.3110

Europe:

1.3105

to

1.3134

North America:

1.3115

to

1.3130

Technical Support / Resistance:

S2

S1

R1

R2

1.2987

1.3032

1.3177

1.3225

Key Economic Data Releases:

- Canadian housing starts 245.7k (210.0k exp.) 196.8k previous

- Fed's Chair Powell speech

Event Calendar:

Date

Canada

U.S.A.

July 10

July 11

July 12

Bank of Canada interest rate decision

New housing price index

FOMC minutes, wholesale inventories

Jobless claims, consumer price index

Producer price index

U.S. stocks followed European shares lower at the open as markets extended a downbeat start to the week. The dollar strengthened to its highest level since mid-June. The S&P 500 Index declined Tuesday morning as investors await more clues on the path for U.S. monetary policy. Trading may stay choppy ahead of key testimony this week from Federal Reserve Chair Jerome Powell as observers assess prospects for easing following conflicting signals on the global economy. Treasuries slipped, while gold dropped for a fourth day. Currently, the TSX is down 0.13% and the DJIA is down 0.31%. EURCAD is up 0.12% trading between 1.4681 and 1.4718. GBPCAD is down 0.12% trading between 1.6326 and 1.6365. JPYCAD is up 0.16% trading between 0.01203 and 0.01206. Gold is down 0.14% trading between $1,385 and $1,396USD/oz while oil (WTI crude) is down 0.07% trading between $57.31 and $58.17.

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

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