Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver February 16, 2017
VBCE Daily Foreign Exchange Update for Wednesday, Feb. 15, 2017
USDCAD spot rate: 1.3055 - 1.3060 (as at 8:15am PST)
| Ranges: | Asia: | 1.3036 | to | 1.3081 |
| Europe: | 1.3009 | to | 1.3058 | |
| North America: | 1.30033 | to | 1.3061 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2975 | 1.3000 | 1.3080 | 1.3120 |
Key Economic Data Releases:
- U.S. initial jobless claims 239k ( 245K exp.) 234k previous
- US Housing Starts 1.246M (1.222M exp.) 1.226M previous
- US Building Permits 1.285M ( 1.230M exp.) 1.228M previous
Key Event Calendar:
| Date | Canada | U.S.A. |
| Feb. 16 Feb. 17 | Foreign security purchases | Building permits, housing starts |
World stocks hit an all time high on Thursday as the latest round of robust global data matched hopes that major economies like the United States will soon be serving up large helpings of fiscal stimulus. MSCI's All Country World index, which spans 46 countries, notched the milestone as Wall Street hit its latest record and Asia and Europe consolidated the roughly 10 per cent gains both have made since mid-December. There were surges in exports from Indonesia and Taiwan, falls in unemployment in Europe from Sweden to the Netherlands while stronger U.S. retail sales and inflation data on Wednesday came as Donald Trump again promised mass tax cuts. Currently, the TSX is up 0.04% and the DOW is up 0.01%. EURCAD is up 0.48% trading between 1.3845 and 1.3926. GBPCAD is up 0.50% trading between 1.6273 and 1.6340. JPYCAD is up 0.25% trading between 0.01144 and 0.01151. Gold is up 0.52% trading between $1,232 and $1,240USD/oz., silver is up 0.75% trading between $17.94 and $18.12USD/oz., while oil is up 0.20% trading between $52.97 and $53.56.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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