Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 20, 2017

USDCAD spot rate: 1.2260 - 1.2265 (as at 8:13am PST)

Ranges:

Asia:

1.2267

to

1.2304

Europe:

1.2234

to

1.2281

North America:

1.2241

to

1.2267

Technical Support / Resistance:

S2

S1

R1

R2

1.2125

1.2177

1.2310

1.2370

Key Economic Data Releases:

- U.S. Existing Home sales: 5.35M (exp 5.46M / prev 5.44M)

- U.S. Fed interest rate decision: 11am

Key Event Calendar:

Date

Canada

U.S.A.

Sept 21

Sept 22

Wholesale sales

CPI, retail sales

Philly Fed manufacturing index

Manufacturing PMI, services PMI

At 11am the Federal Reserve will publish its latest monetary-policy decision. While markets are expecting no change to rates, investors will be looking for details on how the central bank intends to start shrinking its $4.5 trillion balance sheet as well as the so-called dot plot, which indicates the path ahead for interest-rate increases. The announcement will be followed 30 minutes later by a press conference with Chair Janet Yellen. Market futures show a rate hike by the end of the year is seen as a coin flip by investors. Currently, the TSX is up 0.42% while the DOW is down 0.02%. EURCAD is down 0.31% trading between 1.4680 and 1.4759. GBPCAD is up 0.04 trading between 1.6554 and 1.6692. JPYCAD is down 0.09% trading between 0.01097 and 0.01101. Gold is up 0.23% trading between $1,309 and $1,315USD/oz., silver is up 0.21% trading between $17.24 and $17.39USD/oz., while oil is down 0.03% trading between $50.18 and $50.51.

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

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