Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 13, 2017

USDCAD spot rate: 1.2765 - 1.2770 (as at 8:13am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. PPI .1% ( .2% exp.) .3% previous

- U.S. Initial jobless claims 247k ( 245k exp.) 250k previous

Key Event Calendar:

World shares hit their fourth all-time high in less than a month on Thursday as investors wagered policy tightening in the United States would be glacial at best, lifting Wall Street to record peaks and lowering bond yields almost everywhere. The star performer was the Canadian dollar, which rocketed to 11-month highs after the Bank of Canada bank hiked rates for the first time in seven years and left the door wide open to further moves. The overall mood was one of relief that Federal Reserve Chair Janet Yellen had not sounded more hawkish in her appearance before Congress, a green light for risk taking. Sentiment got another boost when China reported upbeat data on exports and imports for June, the latest sign that global trade is finding some real traction again. Currently, the TSX is up 0.06% while the DOW is up 0.09%. EURCAD is up 0.06% trading between 1.4483 and 1.4595. GBPCAD is up 0.34% trading between 1.6419 and 1.6533. JPYCAD is up 0.08% trading between 0.01123 and 0.01128. Gold is down 0.63% trading between $1,216 and $1,224USD/oz., silver is down 1.22% trading between $15.77 and $15.98USD/oz., while oil is up 0.66% trading between $45.02 and $45.82.

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