Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 9, 2017

USDCAD spot rate: 1.2705 - 1.2710 (as at 8:06am PST)

Ranges:

Asia:

1.2669

to

1.2700

Europe:

1.2668

to

1.2723

North America:

1.2697

to

1.2720

Technical Support / Resistance:

S2

S1

R1

R2

1.2580

1.2630

1.2750

1.2800

Key Economic Data Releases:

- Canada Housing starts: 222.3k (exp 205k / prev 212.9k)

- Canada building permits: 2.5% (exp -2.0% / prev 8.9%)

- U.S. non-farm productivity: 0.9% (exp 0.7% / prev 0.1%)

- U.S. unit labour costs: 0.6% (exp 1.2% / prev 0.6%)

Key Event Calendar:

Date

Canada

U.S.A.

Aug 10

Aug 11

New housing price index

Producer price index

Consumer price index

Markets remained on cautious footing Wednesday, with investors boosting haven assets from gold to the Japanese yen as tensions grew between the U.S. and North Korea. American Equities fell a second day. Gold headed for its largest increase in 2 months while the yen and Swiss franc posted biggest gains among G-10 currencies. President Donald Trump's warning that North Korea's nuclear threats would be met with "fire fury, and frankly, power the likes of which this world has never seen," is ripping markets across the world. The North Korean army reacted to the statement by announcing it is examining operational plans for a strike on Guam, a U.S. controlled island 2,200 miles south east of Pyongyang. Rhetoric aside, Trump's options for striking Kim Jong Un's regime are probably quite limited. Currently, the TSX is down 0.05% and the DOW is down 0.24% . EURCAD is up 0.26% trading between 1.4861 and 1.4926. GBPCAD is up 0.29% trading between 1.6451 and 1.6524. JPYCAD is up 0.57% trading between 0.01147 and 0.01157. Gold is up 0.84% trading between $1,260 and $1,276USD/oz., silver is up 2.24% trading between $16.42 and $16.85USD/oz., while oil is up 0.34% trading between $48.93 and $49.62.

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

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