Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 22, 2017

USDCAD spot rate: 1.2540 - 1.2545 (as at 8:13am PST)

Ranges:

Asia:

1.2547

to

1.2583

Europe:

1.2556

to

1.2595

North America:

1.2522

to

1.2543

Technical Support / Resistance:

S2

S1

R1

R2

1.2450

1.2500

1.2600

1.2680

Key Economic Data Releases:

- Canada Retail sales .7% (0% exp.) -.1% previous

Key Event Calendar:

Date

Canada

U.S.A.

Aug 23

Aug 24

Aug 25

Mfg / services PMI, new home sales, oil inventories

Jackson Hole Symposium, existing home sales

Jackson Hole Symposium, durable goods orders

Stocks broke a three-day losing streak on Tuesday, building on gains in other markets boosted by signs of a global economic recovery and rising commodity prices. Gains for heavyweight miners boosted European shares after strong commodities prices steadied Asian markets earlier in the session. The surge in European stocks pushed up the MSCI world equity index, which tracks shares in 46 countries, which is now up 0.1 per cent on the day, its second day of gains after sharp falls last week. The broad index of European stocks was up 0.4 per cent on the day. The Canadian dollar pushed forward on much better than expected Retail Sales numbers. Currently, the TSX is up 0.67% and the DOW is up 0.54%. EURCAD is down 0.63% trading between 1.4720 and 1.4840. GBPCAD is down 0.70% trading between 1.6055 and 1.6204. JPYCAD is down 0.46% trading between 0.01144 and 0.01151. Gold is up 0.32% trading between $1,282 and $1,291USD/oz., silver is up 0.52% trading between $16.87 and $17.12USD/oz., while oil is up 0.69% trading between $47.37 and $48.20.

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

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