Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 19, 2017
USDCAD spot rate: 1.2285 - 1.2290 (as at 8:28am PST)
| Ranges: | Asia: | 1.2280 | to | 1.2308 |
| Europe: | 1.2261 | to | 1.2302 | |
| North America: | 1.2280 | to | 1.2294 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2180 | 1.2250 | 1.2310 | 1.2370 |
Key Economic Data Releases:
- US Building permits 1.300M (1.220M exp.) 1.230M previous
- US Housing starts 1.10M (1.175M exp.) 1.190M previous
Key Event Calendar:
| Date | Canada | U.S.A. |
| Sept 19 Sept 20 Sept 21 Sept 22 | Manufacturing sales Wholesale sales CPI, retail sales | Building permits, housing starts Existing home sales, Fed interest rate decision Philly Fed manufacturing index Manufacturing PMI, services PMI |
Investors were moving back into the euro and European government debt. An early flurry of activity saw the euro pop to a near two-year high versus the Japanese yen of 134.14 yen. The Bank of Japan also meets this week but unlike the Fed is expected to signal it will keep its stimulus program in full. JP Morgan Asset Management portfolio manager Iain Stealey said markets were now fully set for the Fed to officially announce it will cut, or taper, the amount it reinvests from the profits of its $4.2-trillion crisis-era bond portfolio. Currently, the TSX is up 0.31% while the DOW is up 0.13%. EURCAD is up 0.13% trading between 1.4680 and 1.4668. GBPCAD is down 0.09 trading between 1.6548 and 1.6673. JPYCAD is up 0.55% trading between 0.01098 and 0.01104. Gold is down 0.21% trading between $1,305 and $1,310USD/oz., silver is up 0.25% trading between $17.11 and $17.26USD/oz., while oil is up 0.06% trading between $49.87 and $50.39.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
Follow us
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.
