Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 17, 2017

USDCAD spot rate: 1.2650 - 1.2655 (as at 8:20am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada manufacturing sales -1.8% (-1.0% exp.) 1.1% previous

- U.S. Industrial Production .2% (.3% exp.) .4% previous

- U.S. Initial Jobless claims 232k (240k exp.) 244K previous

- Philly Fed Manufacturing 18.9 (18.5 exp.) 19.5 previous

Key Event Calendar:

European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world's largest economy.

Some policy makers argued against future rate rises until there was more concrete evidence that inflation was moving back toward the Fed's objective, according to minutes of the U.S. central bank's last policy meeting. Money market futures are now pricing in about a 40 per cent chance the Fed will raise rates by December, compared with just under 50 per cent before the Fed's minutes. Currently, the TSX is down 0.04% while the DOW is down 0.58%. EURCAD is down 0.07% trading between 1.4730 and 1.4873. GBPCAD is up 0.09% trading between 1.6227 and 1.6317. JPYCAD is up 0.03% trading between 0.01145 and 0.01153. Gold is up 0.12% trading between $1,282 and $1,290USD/oz., silver is up 0.54% trading between $16.99 and $17.17USD/oz., while oil is up 0.21% trading between $46.49 and $46.92.

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