Daily foreign exchange rates for our top 10 currencies & Updates #forex #Vancouver April 21, 2017

USDCAD spot rate: 1.3512 - 1.3517 (as at 8:05am PST)

Ranges:

Asia:

1.3458

to

1.3482

Europe:

1.3458

to

1.3481

North America:

1.3460

to

1.3518

Technical Support / Resistance:

S2

S1

R1

R2

1.3425

1.3460

1.3535

1.3600

Key Economic Data Releases:

- Canada CPI m/m: 0.2% (exp 0.4% / prev 0.2%) y/y: 1.6% (exp 1.8% / prev 2.0%)

- Canada CPI core (common) 1.3%/prev 1.3% (Median) 1.7%/prev 1.8% (Trim) 1.4%/prev 1.6%

- U.S. existing home sales: 5.71m (exp 5.60m / prev 5.47m) %: 4.4% (exp 2.5% / prev -3.9%)

- U.S. manufacturing PMI: 52.8 (exp 53.5 / prev 53.3)

- U.S. services PMI: 52.5 (exp 53.0 / prev 52.8)

Key Event Calendar:

Date

Canada

U.S.A.

Apr. 24

Apr. 25

Apr. 26

Apr. 27

Apr. 28

Wholesale sales

Retail sales

GDP

Consumer confidence, new home sales

Crude oil inventories

Durable goods orders, pending homes sales

GDP, Chicago PMI, consumer sentiment index

Yesterday, USDCAD was confined to a 1.3462 – 1.3499 range with repeated attempts to break the 1.35 barrier failing sending the pair down to 1.3470 in late trade. Canada's inflation data for March missed estimates this morning sending USDCAD from 1.3465 up to 1.3517 on the news. The pairing dropped back to 1.3486 before making another run above 1.35. The mid-March high (2017 high) of 1.3530/35 has yet to be challenged this morning despite oil prices trading near 1 month lows. Currently, the TSX and the DJIA are relatively unchanged. EURCAD is up 0.25% trading between 1.4398 and 1.4468. GBPCAD is up 0.20% trading between 1.7187 and 1.7299. JPYCAD is up 0.65% trading between 0.01231 and 0.01240. Gold is unchanged trading between $1,278 and $1,285USD/oz., silver is down 1.13% trading between $17.82 and $18.04USD/oz., while oil is down 1% trading between $50.07 and $50.90.

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