Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 7, 2017

USDCAD spot rate: 1.3420- 1.3425 (as at 8:17am PST)

Ranges:

Asia:

1.3384

to

1.3413

Europe:

1.3391

to

1.3421

North America:

1.3404

to

1.3434

Technical Support / Resistance:

S2

S1

R1

R2

1.3310

1.3362

1.3434

1.3475

Key Economic Data Releases:

- U.S. Trade Balance -48.5B (-48.5B exp.) -44.3 B previous

- CAD Trade Balance 0.81B (0.70B exp.) 0.45B previous

- Cad Ivey PMI 55.0 (58.9 exp.) 57.2 previous

Key Event Calendar:

Date

Canada

U.S.A.

Mar. 8

Mar. 9

Mar. 10

Housing starts, building permits

New housing price index

Net employment change, unemployment rate

ADP employment change, crude oil inventories

Import / export price index

Non-farm payrolls, unemployment rate, Average hourly earnings

European stocks fell for a third consecutive day on Tuesday, once again dragged down by financials as shares in Deutsche Bank slid on deepening concern about its health after its $8.5-billion cash call.

A batch of weak corporate earnings reports and the biggest fall in German industrial orders since the depths of the global financial crisis also disappointed investors, setting the tone for a lacklustre session in Europe.

In currencies, the US dollar inched higher against a basket of trade-weighted peers. The dollar index rose 0.1 per cent to 101.73, mirroring Monday's slender gain. A rate hike from the Federal Reserve next week is virtually fully priced into financial markets, so the dollar and U.S. bond yields might be vulnerable to a correction lower. But investors saw enough room to push the greenback and yields higher on Tuesday, lifting the 10-year yield for the fifth day in a row back above 2.50 per cent and the two-year yield up a basis point to 1.32 per cent. Currently, the TSX is down 0.24% while the DOW is down 0.15%. EURCAD is up 0.05% trading between 1.4158 and 1.4203. GBPCAD is down 0.12% trading between 1.6334 and 1.6414. JPYCAD is up 0.22% trading between 0.01175 and 0.01177. Gold is down 0.52% trading between $1,216 and $1,227USD/oz., silver is down 0.79% trading between $17.49 and $17.78USD/oz., while oil is up 0.55% trading between $53.05 and $53.77.

083e3d7a6b

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.