Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 8, 2017

USDCAD spot rate: 1.2685 - 1.2690 (as at 8:03am PST)

Ranges:

Asia:

1.2656

to

1.2674

Europe:

1.2651

to

1.2691

North America:

1.2680

to

1.2694

Technical Support / Resistance:

S2

S1

R1

R2

1.2600

1.2650

1.2700

1.2750

Key Economic Data Releases:

No Key Economic data

Key Event Calendar:

Date

Canada

U.S.A.

Aug 9

Aug 10

Aug 11

Housing starts / building permits

New housing price index

Non-farm productivity, unit labour costs

Producer price index

Consumer price index

World stocks inched up to a new all-time high on Tuesday, shrugging off weaker-than-expected China's trade data that clouded an otherwise bright outlook for global growth. Chinese imports and exports both fell well short of forecasts last month and growth in overall trade, while still a healthy 8.8 per cent, was its slowest this year. However, MSCI's all-country world index ticked up to set a new record high at 480.76 points. It was last up less than 0.1 per cent at 480.54 points. The index, which tracks shares in 46 countries, is on track for longest monthly winning streak since 2003. Shares across the globe have been hitting record highs in record low volatility supported by a benign environment for global growth. Ratings agency Fitch this week lifted its outlook for the world economy for this year and next. Currently, the TSX is up[ .13% and the DJIA is down 0.04% . EURCAD is up 0.15% trading between 1.4943 and 1.4995. GBPCAD is down 0.20% trading between 1.6476 and 1.6532. JPYCAD is up 0.40% trading between 0.01144 and 0.01150. Gold is up 0.23% trading between $1,257 and $1,265USD/oz., silver is up 0.75% trading between $16.24 and $16.47USD/oz., while oil is down 0.65% trading between $48.93 and $49.76.

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

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