Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 19, 2017


USDCAD spot rate: 1.3315 - 1.3320 (as at 8:31am PST)

Ranges:

Asia:

1.3253

to

1.3288

Europe:

1.3255

to

1.3318

North America:

1.3266

to

1.33324

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3250

1.3325

1.3385

Key Economic Data Releases:

- CAD Mfg sales 1.5 (1.0 exp.) -0.6% previous

- U.S. Building permits 1.210 M (1.225M) 1.201 M previous

- U.S. Housing Starts 1.226 M (1.200 M exp.) 1.02M previous

- U.S. Initial Jobless Claims 234k (254K exp.) 249k previous

Key Event Calendar:

Date

Canada

U.S.A.

Jan. 20

CPI, retail sales

Canada's main stock index rose on Thursday as oil prices rose and the energy, financial and industrial groups gained ground. U.S. stocks opened little changed on Thursday, with investors seemingly wary of taking on risk ahead of Donald Trump's swearing-in as U.S. president on Friday. After having driven Wall Street to record highs in a post-election rally, investors are on the sidelines as they await Mr. Trump's inaugural speech to get a steer on his policies. Markets are also eyeing a speech by Federal Reserve Chair Janet Yellen. In an appearance on Wednesday, Ms. Yellen said the U.S. economy was getting closer to running on its own, but soothed some nerves by adding that it made sense to raise interest rates gradually.

Ms. Yellen is expected to speak on monetary policy at Stanford University at 8:00 p.m. ET. Investors have been worried that Trump's pro-growth policy proposals may boost inflation, forcing the central bank to increase the pace of rate hikes. Ms. Yellen's comments indicated that the plan to raise rates three times this year is not "farfetched". Currently, the TSX is up 0.07% and the DOW is down 0.18%. EURCAD is up 0.05% trading between 1.4073 and 1.4191. GBPCAD is up 0.80% trading between 1.6247 and 1.6397. JPYCAD is down 0.27% trading between 0.01153 and 0.01159. Gold is down 0.25% trading between $1,196 and $1,205USD/oz., silver is down 0.15% trading between $16.74 and $17.10USD/oz., while oil is up 0.45% trading between $51.27 and $51.79.

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

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