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

USDCAD spot rate: 1.2920 - 1.2925 (as at 8:08am PST)

Ranges:

Asia:

1.2886

to

1.2921

Europe:

1.2888

to

1.2926

North America:

1.2903

to

1.2924

Technical Support / Resistance:

S2

S1

R1

R2

1.2770

1.2860

1.2935

1.3040

Key Economic Data Releases:

- U.S. Wholesale inventories .4% (.3% exp.) .3% prev.

- Canadian Housing starts 212.7k (200.0k exp.)

Key Event Calendar:

Date

Canada

U.S.A.

July 12

July 13

July 14

Bank of Canada interest rate

New housing price index

Crude oil inventories

Producer price index

CPI, retail sales, industrial production

The dollar hit a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, on bets for higher interest rates in a small but growing group of major economies. With the expectations fuelled by increasingly robust-looking global growth, MSCI's 46-country All World share index was up for a third day running, although it started to slip as Europe's courses lost their footing early on. Currently, the TSX is down 0.26% while the DOW is up 0.04%. EURCAD is up 0.40% trading between 1.4674 and 1.4747. GBPCAD is up 0.01% trading between 1.6594 and 1.6693. JPYCAD is down 0.01% trading between 0.01121 and 0.01130. Gold is down 0.24% trading between $1,209 and $1,216USD/oz., silver is down 0.21% trading between $15.47 and $15.71USD/oz., while oil is down 0.15% trading between $43.86 and $44.88.

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

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