Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 20, 2017

USDCAD spot rate: 1.3356 - 1.3361 (as at 8:13am PST)

Ranges:

Asia:

1.3309

to

1.3344

Europe:

1.3338

to

1.3372

North America:

1.3348

to

1.3362

Technical Support / Resistance:

S2

S1

R1

R2

1.3260

1.3308

1.3381

1.3430

Key Economic Data Releases:

- Canada wholesale sales: 3.3% (exp 0.4% / prev 0.3%)

Key Event Calendar:

Date

Canada

U.S.A.

Mar. 21

Mar. 22

Mar. 23

Mar. 24

retail sales

CPI

Existing home sales, crude oil inventories

New home sales, Fed Yellen speech

Durable goods orders, Markit mfg./services PMI

The S&P 500 Index turned higher as declines in Treasury yields boosted shares coveted for their steady payout. Crude's ninth retreat in the past 11 days dragged oil and gas producers lower. The pound was little changed after reversing gains, as the UK said it will trigger the process to leave the EU on March 29th. Gold touched the highest level in 2 weeks. Today investor focus turned to the outcome of a Group of 20 meeting, where finance ministers locked heads issuing a statement that dropped a reference to resist all forms of protectionism. That's renewing concerns about the U.S. president's desire to pursue new trading terms. The USD slumped last week after the Federal Reserve delivered a more dovish message than expected, even as it raised interest rates. FBI Director James Comey testified before congress today. While he is due to speak about the continuing investigation into Russia's alleged meddling in last year's election, President Donald Trump's Twitter claims about wiretapping are likely to dominate proceedings in the rare open session. Currently, the TSX is up 0.04% and the DOW is up 0.16%. EURCAD is up 0.28% trading between 1.4299 and 1.4377. GBPCAD is down 0.02% trading between 1.6494 and 1.6582. JPYCAD is unchanged trading between 0.01182 and 0.01185. Gold is up 0.39% trading between $1,229 and $1,235USD/oz., silver is up 0.2% trading between $17.36 and $17.45USD/oz., while oil is down 0.2% trading between $47.86 and $48.73.

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