Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 24, 2017

USDCAD spot rate: 1.2540 - 1.2545 (as at 8:17am PST)

Ranges:

Asia:

1.2531

to

1.2561

Europe:

1.2520

to

1.2559

North America:

1.2530

to

1.2545

Technical Support / Resistance:

S2

S1

R1

R2

1.2475

1.2520

1.2575

1.2620

Key Economic Data Releases:

- U.S. exiting home sales 5.44M (5.57M exp.) 5.51M previous

- U.S. Initial Jobless Claims 234k (238k exp.) 232k previous

- Jackson Hole Symposium

Key Event Calendar:

Date

Canada

U.S.A.

Aug 25

Jackson Hole Symposium, durable goods orders

World stocks steadied on Thursday after two turbulent weeks as geopolitical worries eased in Asia and caution prevailed on the day the annual Jackson Hole gathering of central bankers gets underway. The MSCI World index, which fell to a five-week low on Monday, was down 0.05 per cent. Gains by cyclical stocks helped Europe's benchmark STOXX 600 index inch up 0.2 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan also gained, shaking off jitters that gripped markets after U.S. President Donald Trump threatened to shut down the U.S. government and end the North American Free Trade Agreement. North American stocks have started the day mixed. Currently, the TSX is up 0.13% and the DOW is down 0.13%. EURCAD is down 0.13% trading between 1.4760 and 1.4820. GBPCAD is up 0.08% trading between 1.6014 and 1.6083. JPYCAD is down 0.34% trading between 0.01144 and 0.01153. Gold is down 0.16% trading between $1,284 and $1,290USD/oz., silver is down 0.12% trading between $16.82 and $17.10USD/oz., while oil is down 0.89% trading between $47.85 and $48.40.

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

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