USDCAD spot rate: 1.3374 - 1.3379 (as at 8:27am PST)
Ranges: | Asia: | 1.3320 | to | 1.3347 |
Europe: | 1.3319 | to | 1.3405 | |
North America: | 1.3387 | to | 1.3398 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.3263 | 1.3316 | 1.3410 | 1.3480 |
Key Economic Data Releases:
- No data releases
Key Event Calendar:
Date | Canada | U.S.A. |
Mar. 28 Mar. 29 Mar. 30 Mar. 31 | Bank of Canada Poloz speech GDP (Jan) | Consumer confidence Pending home sales / crude oil inventories GDP Q4 Core PCE price index, personal income/spending |
U.S. stocks fell with the dollar while Treasuries rallied as investor doubts grew that U.S. President Donald Trump will be able to implement his economic agenda. The yen gained with gold on haven demand. The S&P Index pared declines after falling almost 1%, as selling in defensive shared eased. Banks bore the brunt of declines, with a KBW index of lenders pushing losses since March 1 past 10% after the Republicans' failure to pass a health care bill raised the specter that promised pro-growth policies may be delayed. The greenback was on the verge of erasing the rally spurred by Trump's election victory, while Treasury 10-year yields fell to 2.35%. On Wednesday U.K. Prime Minister Theresa May will write to the EU President Donald Tusk to officially trigger Article 50 of the Lisbon Treaty, which will start the 2 year countdown to Britain leaving the European Union. There are already signs that the negotiating process may be a difficult one, with the Bank of England this morning saying Brexit remains one of the key risks to the U.K. economy. Currently, the TSX is down 0.06% and the DOW is down 0.57%. EURCAD is up 0.90% trading between 1.4430 and 1.4600. GBPCAD is up 0.85% trading between 1.6672 and 1.6890. JPYCAD is up 0.90% trading between 0.01200 and 0.01215. Gold is up 0.97% trading between $1,245 and $1,261USD/oz., silver is up 1.56% trading between $17.73 and $18.12USD/oz., while oil is down 1.68% trading between $47.11 and $48.25.