Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 13, 2017

USDCAD spot rate: 1.3446 - 1.3451 (as at 8:20am PST)

Ranges:

Asia:

1.3439

to

1.3476

Europe:

1.3438

to

1.3467

North America:

1.3440

to

1.3445

Technical Support / Resistance:

S2

S1

R1

R2

1.3355

1.3406

1.3499

1.3550

Key Economic Data Releases:

- No data releases

Key Event Calendar:

Date

Canada

U.S.A.

Mar. 14

Mar. 15

Mar. 16

Mar. 17

Manufacturing sales

Producer price index

CPI, retail sales, Fed interest rate / economic projections / Yellen speech

Building permits, housing starts, Philly Fed mfg.

Industrial production, consumer sentiment index

Markets were largely range-bound as investors enter a week with crucial central bank meetings, economic data releases, a national election in Europe and potentially the formal start of Brexit. Stocks fluctuated with the dollar, while Treasuries slipped. There is a near universal agreement that the Federal Reserve will increase interest rates when the latest FOMC decision is announced on Wednesday. A survey of economists conducted by Bloomberg produced a median estimate of 3 hikes this year, coming in March, June and December. There are also monetary decisions due from the Bank of Japan and the Bank of England on Thursday. Scottish First Minister Nicola Sturgeon said she'll start the legal process of preparing for a 2nd independence referendum, threatening to open a new front in the Brexit battle as the UK government prepares to trigger negotiations. Sturgeon said the referendum would be held between the fall of 2018 and the spring of 2019. Currently, the TSX is up 0.28% and the DOW is down 0.19%. EURCAD is up 0.23% trading between 1.4330 and 1.4417. GBPCAD is down 0.40% trading between 1.6354 and 1.6468. JPYCAD is down 0.05% trading between 0.01171 and 0.01174. Gold is down 0.02% trading between $1,202 and $1,211USD/oz., silver is down 0.32% trading between $16.95 and $17.14USD/oz., while oil is up 0.04% trading between $47.94 and $48.65.

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