Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 13, 2017


USDCAD spot rate: 1.2195 - 1.2200 (as at 8:14am PST)

Ranges:

Asia:

1.2153

to

1.2187

Europe:

1.2130

to

1.2181

North America:

1.2169

to

1.2211

Technical Support / Resistance:

S2

S1

R1

R2

1.1940

1.2093

1.2250

1.2295

Key Economic Data Releases:

- U.S. Producer Price Index: 0.2% (exp 0.3% / prev -0.1%)

- U.S. Crude Oil Inventories: 5.88M (exp 3.238M / prev 4.580M)

Key Event Calendar:

Date

Canada

U.S.A.

Sept 14

Sept 15

New housing price index

CPI

Retail sales, industrial production, consumer sentiment

After U.S. equities closed at record highs for the 2nd straight session in a row yesterday, the rally in global stocks is slowing down a bit today. Unemployment in the U.K. dropped to 4.3% in the 3 months to the end of July, the lowest rate in 42 years. Wagers, however, again failed to keep pace with inflation, growing a lower than expected 2.1%, well below consumer prices which are rising at close to a 3% pace. The pound, which had been higher during the session, gave up all its gains after the data was released as investors adjusted their vow on how hawkish the Bank of England will be at tomorrow's meeting. The International Energy Agency said in its monthly report published this morning that global oil demand will climb by the most since 2015 this year. On the supply side, OPEC and its allies are discussing extending by more than 3 months the oil production cuts that are due to expire in March 2018. This morning the EU Commission President Jean-Claude Juncker gave his annual State of the Union address to the European Parliament in which he outlined a bullish outlook for the bloc, saying "the wind is back in Europe's sails." The wide-ranging speech made little mention of Brexit but did propose free-trade talks with Australia & New Zealand. Currently, the TSX is up 0.04% while the DOW is down 0.02%. EURCAD is down 0.30% trading between 1.4510 and 1.4590. GBPCAD is down 0.24% trading between 1.6082 and 1.6211. JPYCAD is down 0.63% trading between 0.01101 and 0.01105. Gold is down 0.61% trading between $1,320 and $1,334USD/oz., silver is down 0.75 trading between $17.66 and $17.96USD/oz., while oil is up 1.22% trading between $48.14 and $48.90.

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

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