Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 16, 2017

USDCAD spot rate: 1.3300 - 1.3305 (as at 8:18am PST)

Ranges:

Asia:

1.3276

to

1.3314

Europe:

1.3288

to

1.3321

North America:

1.3286

to

1.3315

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3270

1.3320

1.3375

Key Economic Data Releases:

- U.S. Building Permits 1.213M (1.260M exp.) 1.293M previous

- U.S. Housing Starts 1.288M (1.260M exp.) 1.251M previous

- U.S. Initial Jobless Claims 241k (240K exp.) 243k previous

Key Event Calendar:

Date

Canada

U.S.A.

Mar. 17

Manufacturing sales

Industrial production, consumer sentiment index

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signalled no pick-up in the pace of tightening.

Markets also reacted positively after Dutch center-right Prime Minister Mark Rutte fought off a challenge by anti-immigration, anti-European Union rival Geert Wilders to score an election win seen as a victory against populist nationalism. The result, along with the Fed statement, handed the euro its biggest one-day jump in nine months, with the single currency climbing above $1.07 for the first time since early February late on Wednesday and staying above that level, though a touch down on the day, in European trade on Thursday. The MSCI world equity index, which tracks shares in 46 countries, jumped 0.7 per cent on the day to reach an all-time high after the Fed lifted its funds rate by 25 basis points, but said further increases would only be "gradual." Currently, the TSX is up 0.39% and the DOW is up 0.07%. EURCAD is down 0.05% trading between 1.4242 and 1.4291. GBPCAD is up 0.55% trading between 1.6292 and 1.6470. JPYCAD is up 0.15% trading between 0.01172 and 0.01175. Gold is up 0.70% trading between $1,218 and $1,233USD/oz., silver is up 0.27% trading between $17.30 and $17.56USD/oz., while oil is down 0.65% trading between $48.61 and $49.59.

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