Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 9, 2017

USDCAD spot rate: 1.3740 - 1.3745 (as at 7:57am PST)

Ranges:

Asia:

1.3685

to

1.3746

Europe:

1.3670

to

1.3700

North America:

1.3690

to

1.3745

Technical Support / Resistance:

S2

S1

R1

R2

1.3600

1.3670

1.3750

1.3800

Key Economic Data Releases:

- Canada building permits -5.8% ( 5.5% exp.) -2.5% previous

Key Event Calendar:

Date

Canada

U.S.A.

May 10

May 11

May 12

New housing price index

Crude oil inventories

Producer price index

Consumer price index

European stocks and bond yields rose on Tuesday, boosted by historically low stock market volatility, continuing relief from this weekend's French presidential election and solid corporate earnings. Europe's index of leading 300 shares was up 0.4 per cent at 1,552 points, Germany's DAX Germany's DAX rose 0.3 per cent, France's CAC 40 and Britain's FTSE 100 added 0.4 per cent. Asian stocks did not perform as well, with China's seventh consecutive loss – the longest losing streak for four years – weighing on the region more broadly. But overnight, the VIX index of implied volatility on the S&P 500 – the so-called Wall Street "fear gauge" – fell to its lowest intraday level since December 2006. It closed at 9.77, its lowest closing level since December 1993. The MSCI World index, which touched a record high overnight, dropped about 0.1 per cent. Weak Canadian building permits hit the CAD dollar at the opening.

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