Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver February 2, 2017


USDCAD spot rate: 1.3010 - 1.3015 (as at 7:27am PST)

Ranges:

Asia:

1.2982

to

1.3052

Europe:

1.2980

to

1.3018

North America:

1.2983

to

1.3020

Technical Support / Resistance:

S2

S1

R1

R2

1.2920

1.2980

1.3055

1.3125

Key Economic Data Releases:

- U.S. Non-farm productivity 1.3% (1.0% exp.) 3.5% previous

- U.S. Initial jobless claims 246k (250K exp.) 260k previous

Key Event Calendar:

Date

Canada

U.S.A.

Feb. 3

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

The dollar slipped to a 12-week low on Thursday and stock and bonds markets both showed caution after the U.S. Federal Reserve stuck to its mildly upbeat view of the world but gave no hint on when it will next raise interest rates. With all the political uncertainties about, the big central banks appear to be lying low – or at least trying not to add to the volatility. The Fed decision and statement was a non-event, with the lack of any nod toward a possible further rate rise next month – not least because the latest U.S. economic numbers have been so strong. It sent the dollar to its lowest level since mid-November against a six-strong group of other top world currencies, to add to January's worst start to a year in three decades. Currently, the TSX is down 0.04% and the DOW is down 0.12%. EURCAD is up 0.15% trading between 1.4026 and 1.4087. GBPCAD is down 1.05% trading between 1.6288 and 1.6523. JPYCAD is up 0.53% trading between 0.01151 and 0.01159. Gold is up 0.49% trading between $1,208 and $1,225USD/oz., silver is up 0.65% trading between $17.52 and $17.73USD/oz., while oil is up 0.75% trading between $53.53 and $54.31.

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