Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 11, 2017

USDCAD spot rate: 1.3740 - 1.3745 (as at 8:15am PST)

Ranges:

Asia:

1.3668

to

1.3743

Europe:

1.3677

to

1.3742

North America:

1.3708

to

1.3770

Technical Support / Resistance:

S2

S1

R1

R2

1.3600

1.3665

1.3770

1.3800

Key Economic Data Releases:

- U.S. PPI 2.5% (2.2% exp.) 2.3% previous

- U.S. Initial jobless claims 236k (245K exp.) 238k previous

Key Event Calendar:

Date

Canada

U.S.A.

May 12

Consumer price index

Moody's cut the rating of the big six Canadian banks this morning on consumer's debt burdens and growing concerns over Home Capitals recent liquidity problems possibly spreading throughout the sector. The Canadian dollar paid the price initially with a 2/3 cent drop. Also contributing to the slide was better than expected economic numbers out of the U.S.. MSCI's gauge of global stock markets was up 0.1 per cent, bringing their gains for the year to nearly 10 per cent. Currently, the TSX is down 0.03% while the DOW is down 0.59%. EURCAD is up 0.53% trading between 1.4853 and 1.4945. GBPCAD is up 0.05% trading between 1.7630 and 1.7784. JPYCAD is up 0.33% trading between 0.01196 and 0.01210. Gold is up 0.33% trading between $1,217 and $1,224USD/oz., silver is up 0.55% trading between $16.16 and $16.39USD/oz., while oil is up 0.59% trading between $47.37 and $48.13.

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