Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 14, 2017

USDCAD spot rate: 1.3200 - 1.3202 (as at 8:21am PST)

Ranges:

Asia:

1.3240

to

1.3205

Europe:

1.3165

to

1.3230

North America:

1.3170

to

1.3216

Technical Support / Resistance:

S2

S1

R1

R2

1.3110

1.3159

1.3325

1.3380

Key Economic Data Releases:

- U.S. CPI: -0.1% (exp 0.0% / prev 0.2%)

- U.S. retail sales: -0.3% (exp 0.1% / prev 0.4%)

- U.S. Fed interest rate decision 11am

Key Event Calendar:

Date

Canada

U.S.A.

June 15

June 16

Manufacturing sales

Industrial production, Philadelphia Fed mfg index

Building permits, housing starts, consumer sentiment

The U.S. Fed is widely expected to announce an interest-rate increase when the central bank releases its latest monetary policy decision today at 11am. Fed Chair Janet Yellen will hold a press conference to explain the decision 30 minutes after the release, with both the path of future rate increases and how the bank plans to shrink its $4.5 trillion balance sheet likely to hog the limelight. The USD weakened for the 3rd straight day and U.S. treasuries edged higher ahead of the announcement. A barrel of West Texas Intermediate for July was trading at $45.92 at 2:50am as data showed U.S. stockpiles increasing and a report from the International Energy Agency predicting production from non-OPEC countries would increase faster than demand next year. The continuing oversupply in the global oil market is well illustrated by the fate of one supertanker, floating idly off the coast of Africa. Basic pay in the U.K. grew at a slower than expected 1.7%, the lowest annual pace for more than 2 years. Wages fell 0.6% after inflation was taken into account. For the Bank of England Governor Mark Carney, the data add to the headaches he faces ahead of tomorrow's monetary policy decision. For U.K. Prime Minister Theresa May, her attention will remain focused on trying to strike a deal with Northern Ireland's Democratic Unionists to keep her Conservative Party in power. Currently, the TSX is down 0.42% and the DOW is down 0.03%. EURCAD is up 0.39% trading between 1.4776 and 1.4916. GBPCAD is down 0.01% trading between 1.6786 and 1.6920. JPYCAD is up 0.83% trading between 0.01196 and 0.01212. Gold is up 0.84% trading between $1,265 and $1,279USD/oz., silver is up 2.23% trading between $16.80 and $17.37USD/oz., while oil is down 2.34% trading between $44.73 and $46.36.

Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group

083e3d7a6b

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.