Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 5, 2017

USDCAD spot rate: 1.2360 - 1.2365 (as at 7:32am PST)

Ranges:

Asia:

1.2385

to

1.2418

Europe:

1.2365

to

1.2406

North America:

1.2360

to

1.2380

Technical Support / Resistance:

S2

S1

R1

R2

1.2250

1.2360

1.2420

1.2500

Key Economic Data Releases:

- U.S. Factory orders -3.3% (-3.3% exp.) 3.2% previous

Key Event Calendar:

Date

Canada

U.S.A.

Sept 6

Sept 7

Sept 8

Trade balance, Bank of Canada interest %

Building permits, Ivey PMI

Employment change, unemployment %

Trade balance, ISM non-mfg

Non-farm productivity, unit labour costs

Wholesale inventories

Europe's financial markets appeared on Tuesday to have already shaken off the jitters prompted by North Korea's latest nuclear test, with stocks pushing higher and investors reversing out of bonds, gold and other safe-haven assets. As with many political risks over the past couple of years, traders showed again that there is now a reluctance to price in the tail risks on every possible bad outcome. Confirmation that euro zone business activity remained robust last month helped the pan-European STOXX 600 to claw back most of the 0.5 per cent it had lost on Monday amid international condemnation of North Korea's nuclear test. North American markets have drifted lower with most eyes on tomorrows Bank of Canada Interest rate setting. Currently, the TSX is down 0.65% while the DJIA is down 0.45%. EURCAD is up 0.25% trading between 1.4705 and 1.4771. GBPCAD is up 0.10% trading between 1.6013 and 1.6078. JPYCAD is up 0.27% trading between 0.01131 and 0.01135. Gold is up 0.15% trading between $1,326 and $1,338USD/oz., silver is up 0.29% trading between $17.79 and $17.99USD/oz., while oil is up 2.90% trading between $47.77 and $48.98.

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

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