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

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