Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver March 31, 2017

USDCAD spot rate: 1.3333 - 1.3338 (as at 8:00am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada GDP (Jan): 0.6% (exp 0.3% / prev 0.3%)

- U.S. Core PCE price index m/m: 0.2% (exp 0.2% / prev 0.3%) y/y: 1.8% (exp 1.7% / prev 1.8%)

- U.S. personal income: 0.4% (exp 0.4% / prev 0.5%)

- U.S. personal spending: 0.1% (exp 0.2% / prev 0.2%)

- U.S. Chicago purchasing managers index: 57.7 (exp 56.9 / prev 57.4)

- U.S. consumer sentiment index: 96.9 (exp 97.6 / prev 97.6)

Key Event Calendar:

Yesterday, USDCAD initially dropped from 1.3446 down to 1.3275 – just shy of the March low of 1.3263 on surging oil prices. The move below 1.33 was short-lived as the USD broadly gained over the course of the North American session taking USDCAD up to session highs at 1.3353. Overnight, the rally continued to 1.3368 before easing back towards 1.3340 ahead of the Canadian January GDP release. The results were far better than expected taking USDCAD down to 1.3290. Again, the move below 1.33 was short-lived with a bounce back towards opening levels. Currently, the TSX and the DJIA are down 0.07% and 0.17% respectively. EURCAD is up 0.15% trading between 1.4195 and 1.4277. GBPCAD is up 0.30% trading between 1.6567 and 1.6685. JPYCAD is up 0.45% trading between 0.01188 and 0.01197. Gold is unchanged trading between $1,239 and $1,248USD/oz., silver is unchanged trading between $18.05 and $18.24USD/oz., while oil is down 0.25% trading between $49.93 and $50.44.