Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver January 31, 2017


USDCAD spot rate: 1.2985 - 1.2990 (as at 7:29am PST)

Ranges:

Asia:

1.3087

to

1.3122

Europe:

1.2995

to

1.3123

North America:

1.2969

to

1.3018

Technical Support / Resistance:

S2

S1

R1

R2

1.2900

1.2965

1.3125

1.3190

Key Economic Data Releases:

- U.S. Consumer Confidence 111.8 (112.5 exp.) 113.7 previous

- Canadian GDP .4% (.3% exp.) -.2% previous

Key Event Calendar:

Date

Canada

U.S.A.

Feb. 1

Feb. 2

Feb. 3

RBC manufacturing PMI

ADP employment, ISM mfg., Fed interest rate

Non-farm productivity, unit labour costs

Non-farm payrolls, unemployment rate, Avg hourly earnings, ISM non-mfg PMI

The U.S. dollar headed for its worst start to a year since 2008 on Tuesday while world stock losses, already the biggest in six weeks, grew after widespread protests against President Donald Trump's stringent curbs on travel to the United States. Investors' hopes for a fiscal boost to the world's largest economy under Trump have been tempered by controversial and protectionist policies that have seen him suspend travel to the United States from seven Muslim-majority countries. Thousands took to the streets of major U.S. cities to oppose the travel ban, which also halts refugee arrivals, while marches in Britain added to pressure on Prime Minister Theresa May to cancel a planned state visit by Trump. A stream of U.S. policy makers and business executives have also slammed Trump's stance. The dollar edged down against a basket of six major currencies, on track for a 1.9 per cent fall this month – its worst start to the year since the financial crisis. Currently, the TSX is down .14% and the DOW is down 0.61%. EURCAD is down 0.02% trading between 1.3995 and 1.4086. GBPCAD is down 0.62% trading between 1.6265 and 1.6410. JPYCAD is up 0.75% trading between 0.01151 and 0.01158. Gold is up 1.50% trading between $1,194 and $1,215USD/oz., silver is up 2.10% trading between $17.10 and $17.52USD/oz., while oil is up 1.05% trading between $52.27 and $53.30.

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