Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 18, 2017

USDCAD spot rate: 1.2610 - 1.2615 (as at 7:50am PST)

Ranges:

Asia:

1.2639

to

1.2702

Europe:

1.2581

to

1.2666

North America:

1.2595

to

1.2620

Technical Support / Resistance:

S2

S1

R1

R2

1.2450

1.2580

1.2705

1.2775

Key Economic Data Releases:

- No Economic releases

Key Event Calendar:

Date

Canada

U.S.A.

July 19

July 20

July 21

Manufacturing sales

CPI, retail sales

Building permits, housing starts, oil inventories

Philly Fed manufacturing index

The U.S. dollar fell to a 10-month low on Tuesday, bearing the brunt of a selloff triggered by scaled back expectations for another rate hike at Federal Reserve this year. The dollar index against a basket of major currencies sank to its lowest since last September with euro rising above $1.15 against the greenback for the first time since May 2016. In Asian hours, the Australian dollar surged more than 1 per cent after minutes from the central bank's last policy meeting showed it turning more upbeat on the economic outlook. Currently, the TSX is down 0.24% and the DOW is down 0.22%. EURCAD is up 0.22% trading between 1.4538 and 1.4614. GBPCAD is down 0.89% trading between 1.6376 and 1.6612. JPYCAD is down 0.25% trading between 0.01124 and 0.01129. Gold is up 0.41% trading between $1,233 and $1,242USD/oz., silver is up 0.89% trading between $16.08 and $16.26USD/oz., while oil is up 1.13% trading between $45.84 and $46.89.

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

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