Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver February 17, 2017

USDCAD spot rate: 1.3109 - 1.3114 (as at 8:02am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Foreign portfolio investment in Canadian securities: $10.23B (prev $7.26B)

- Canadian portfolio investment in Canadian securities: $6.66B (prev -$7.97B)

- U.S. leading index: 0.6% (exp 0.5% / prev 0.5%)

Key Event Calendar:

Yesterday, USDCAD initially fell from 1.3080 down to 1.3010 heading into several key U.S. data releases. Retail sales and inflation data beat expectations sending the USD initially higher. In familiar fashion, the USD rally could not be sustained on the "good news" and the USD weakened over the course of the North American session as equity markets moved lower after the Trump speech. The exception was the commodity bloc currencies as both the AUD and the CAD weakened across the board and by late afternoon, USDCAD was back up near 1.3080. After a brief move down to 1.3060 overnight, USDCAD has rallied back above the 1.3100 level this morning in the absence of any key news. Equity markets look soft for the 2^nd straight day while commodities are also lower on the day. Currently, the TSX and the DJIA are down 0.13% and 0.32% respectively. EURCAD is down 0.15% trading between 1.3917 and 1.3960. GBPCAD is down 0.15% trading between 1.6209 and 1.6345. JPYCAD is up 0.80% trading between 0.01152 and 0.01162. Gold is down 0.23% trading between $1,236 and $1,243USD/oz., silver is down 0.46% trading between $17.98 and $18.09USD/oz., while oil is down 0.51% trading between $52.92 and $53.50.