Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 30, 2017

USDCAD spot rate: 1.2611 - 1.2616 (as at 8:14am PST)

Ranges:

Asia:

1.2498

to

1.2535

Europe:

1.2524

to

1.2602

North America:

1.2588

to

1.2623

Technical Support / Resistance:

S2

S1

R1

R2

1.2415

1.2442

1.2640

1.2690

Key Economic Data Releases:

- Canada Current account Q2: -16.32B (exp -17.40B / prev -12.92B)

- U.S. ADP employment change: 237K (exp 185K / prev 201K)

- U.S. GDP Q2: 0.3% (exp 0.3% / prev 0.3%)

Key Event Calendar:

Date

Canada

U.S.A.

Aug 31

Sept 1

GDP (June) / Q2 annualized

RBC manufacturing PMI

PCE price index, personal income/spending, Chicago PMI, pending home sales

Non-farm payrolls, unemployment rate, avg. hourly earnings, ISM manufacturing, consumer sentiment

The USD rose and Treasuries fell after better than forecast data bolstered speculation the U.S. economy may be strong enough to prompt a Federal Reserve more. Analysts are struggling to keep their estimates of the damage from Harvey up to date as the effects from the tropical storm continue to be felt in Texas following catastrophic levels of rain. President Donald Trump visited the region yesterday promising an effective government response to the disaster, which has left as least 15 people dead and could cost as much as $100B in repairs. Rainfall from the storm is expected to reach the Texas-Louisiana border later today, with the largest oil refinery in the U.S. at Port Arthur said to be closing ahead of Harvey making landfall. North Korean leader Kim Jong Un said the missile that crossed over Japan was a "meaningful prelude" to containing the American territory of Guam. The Unites Nations said in a statement that it "strongly condemns" the action but did not seek to escalate sanctions against the Pyongyang regime. Donald Trump said yesterday that all options are under consideration in response to the latest provocation. After the EUR/USD broke through $1.20 yesterday for the 1st time in more than 2 years, expectations are raising that European Central Bank President Mario Draghi may stage a verbal intervention to try to cool the currency at next week's monetary policy meeting. Currently, the TSX is up 0.10% and the DOW is up 0.02%. EURCAD is up 0.19% trading between 1.4940 and 1.5028. GBPCAD is up 0.69% trading between 1.6156 and 1.6290. JPYCAD is up 0.30% trading between 0.01136 and 0.01142. Gold is unchanged trading between $1,306 and $1,313USD/oz., silver is up 0.46% trading between $17.44 and $17.45USD/oz., while oil is down 0.82% trading between $45.86 and $46.38.

083e3d7a6b

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.