Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 26, 2017

USDCAD spot rate: 1.2529 - 1.2534 (as at 8:03am PST)

Ranges:

Asia:

1.2503

to

1.2517

Europe:

1.2501

to

1.2529

North America:

1.2511

to

1.2534

Technical Support / Resistance:

S2

S1

R1

R2

1.2400

1.2482

1.2550

1.2640

Key Economic Data Releases:

- U.S. New Home Sale: 0.610M (prev 0.615M / exp 0.605M)

- U.S. Fed interest rate decision: 11am

Key Event Calendar:

Date

Canada

U.S.A.

July 27

July 28

GDP (May)

Durable goods orders

GDP Q2, GDP price index, consumer sentiment

At 11am today, the Federal Open Markets Committee will announce its latest monetary decision. With no change in interest rates expected by economists, and no press conference scheduled for after the release, investors will closely read the statement for updated language on inflation and any hints to plans for balance-sheet reduction. In the U.K., the office for National Statistics said there was a notable slowdown in the first half of the year for the British economy when it published growth figures this morning that showed an expansion of 0.3% in the 2nd quarter. The sole positive contributor to the economy in the period was services which grew 0.5%, with production and construction proving a drag. Within services, retail continued to be one of the strongest performers. Currently, the TSX is down 0.18% and the DOW is up 0.49%. EURCAD is up 0.02% trading between 1.4532 and 1.4599. GBPCAD is up 0.30% trading between 1.6271 and 1.6351. JPYCAD is up 0.06% trading between 0.01116 and 0.01120. Gold is down 0.02% trading between $1,243 and $1,250USD/oz., silver is down 0.13% trading between $16.31 and $16.48USD/oz., while oil is down 0.62% trading between $47.89 and $48.84.

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

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