USDCAD spot rate: 1.2760 - 1.2765 (as at 8:04am PST)
Ranges: | Asia: | 1.2719 | to | 1.2742 |
Europe: | 1.2725 | to | 1.2779 | |
North America: | 1.2745 | to | 1.2765 |
Technical Support / Resistance:
S2 | S1 | R1 | R2 |
1.2650 | 1.2720 | 1.2780 | 1.2825 |
Key Economic Data Releases:
- U.S. Retail sales 0.6% (0.4% exp.) 0.3% previous
Key Event Calendar:
Date | Canada | U.S.A. |
Aug 16 Aug 17 Aug 18 | Net foreign securities transactions Manufacturing sales CPI | Building permits, housing starts, FOMC min. Industrial production, Philly Fed manufacturing Consumer sentiment index |
Shares rose on Tuesday, while the Japanese yen, Swiss franc and gold all dropped after North Korea's leader signaled he would delay plans to fire a missile towards Guam, easing tensions and prompting investors to buy riskier assets. European shares followed Asian bourses higher, having already risen late on Monday after U.S. officials played down prospects of the standoff between North Korea and the United States leading to conflict. The USD received a boost on better than expected Retail sales. Currently, the TSX is down 0.04% while the DOW is up 0.11%. EURCAD is down 0.27% trading between 1.4920 and 1.5005. GBPCAD is down 0.54% trading between 1.6391 and 1.6518. JPYCAD is down 0.22% trading between 0.01152 and 0.01160. Gold is down 0.78% trading between $1,267 and $1,282USD/oz., silver is down 0.37% trading between $16.59 and $17.06USD/oz., while oil is down 0.63% trading between $47.06 and $47.76.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group