Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 22, 2017

USDCAD spot rate: 1.3352 - 1.3357 (as at 8:28am PST)

Ranges:

Asia:

1.3347

to

1.3400

Europe:

1.3366

to

1.3404

North America:

1.3366

to

1.3384

Technical Support / Resistance:

S2

S1

R1

R2

1.3245

1.3295

1.3439

1.3485

Key Economic Data Releases:

- U.S. existing home sales: 5.48M (exp 1.58M / prev 5.69M

- U.S. crude oil inventories: 4.954M (exp 2.801M / -0.237M)

Key Event Calendar:

Date

Canada

U.S.A.

Mar. 23

Mar. 24

CPI

New home sales, Fed Yellen speech

Durable goods orders, Markit mfg./services PMI

The global selloff continues, oil prices slide at a bad time for drillers, and a rate rise in Chinese money markets put pressure on interbank lending. Yesterday's drop in U.S. equities, which saw the largest fall since President Donald Trump was elected, has spread across the world. Overnight, the MSCI Asia Pacific Index fell 1.4% while Japan's Topix lost 2.1%. In Europe, the Stoxx 600 Index was 0.9% lower 5:15am EST with almost all industry groups falling. U.S. stock market futures were also weaker. Goldman Sachs Group Inc and Morgan Stanley have revealed that they are planning to move staff and operations from London to elsewhere in the EU as Prime Minster Theresa May prepares to trigger Britain's exit from the bloc. Away from finance, carmaker BMW said it's reviewing its factories in the UK, noting that it has flexibility to shift production elsewhere. Consultancy firm Mercer said in a report that the hospitality industry is most at risk from Brexit. Currently, the TSX is down 0.24% and the DOW is down 0.22%. EURCAD is up 0.19% trading between 1.4427 and 1.4493. GBPCAD is down 0.015% trading between 1.6617 and 1.6713. JPYCAD is up 0.87% trading between 0.01193 and 0.01208. Gold is up 0.35% trading between $1,243 and $1,250USD/oz., silver is up 0.14% trading between $17.45 and $17.58USD/oz., while oil is down 1.36% trading between $47.08 and $48.21.

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