Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 17,2019


VBCE Daily Foreign Exchange Update for Tuesday, Sept 17, 2019

USDCAD spot rate: 1.3280 - 1.3285 (as at 7:21am PST)

Ranges:

Asia:

1.3239

to

1.3256

Europe:

1.3243

to

1.3263

North America:

1.3250

to

1.3300

Technical Support / Resistance:

S2

S1

R1

R2

1.3120

1.3160

1.3305

1.3360

Key Economic Data Releases:

- U.S. industrial production 0.6% (0.2% exp.) -0.1% previous

Event Calendar:

Date

Canada

U.S.A.

Sept 18

Sept 19

Sept 20

CPI

Retail sales

Fed interest rate, economic projections

Philly Fed mfg. survey, jobless claims

U.S. industrial production rose in August, a welcome sign of resilience in the economy after a spate of weak readings early this year. Industrial production, a measure of factory, mining and utility output, rose a seasonally adjusted 0.6% in August from the prior month, the Federal Reserve said Tuesday. As well oil saw a big drop as reports coming out of the Kingdom of Saudi Arabia show that the return to full oil production could happen much sooner than was initially suspected.

Currently, the TSX is up 0.07% and the DJIA is down 0.26%. EURCAD is up 0.66% trading between 1.4564 and 1.4673. GBPCAD is up 0.35% trading between 1.6414 and 1.6543. JPYCAD is up 0.24% trading between 0.01223 and 0.01228. Gold is up 0.25% trading between $1,493 and $1,505USD/oz while silver is up 0.42% trading between $17.75 and $17.94. Oil (WTI crude) is down 5.29% trading between $59.40 and $62.58.

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

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The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.