Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 11, 2017

USDCAD spot rate: 1.2490 - 1.2495 (as at 7:45am PST)

Ranges:

Asia:

1.2493

to

1.2532

Europe:

1.2488

to

1.2528

North America:

1.2486

to

1.2516

Technical Support / Resistance:

S2

S1

R1

R2

1.2400

1.2480

1.2552

1.2620

Key Economic Data Releases:

- U.S. JOLTS job openings: 6.082M (exp 6.125M / prev 6.140M)

Key Event Calendar:

Date

Canada

U.S.A.

Oct 12

Oct 13

New housing price index

Producer price index

CPI, retail sales, consumer sentiment index

The Spanish government has maintained its hard line on Catalan secession after the president of the region yesterday backed away unilaterally declaring independence. Prime Minister Mariano Rajoy convened an extraordinary meeting of his cabinet this morning, and started the process that may spur the suspension of the regional government. He is seeking further clarification from Catalan about its independence intentions. The decision by Catalan separatists to defer its declaration has spurred a rally in the country's stocks and bonds, while the EUR rose to its highest level in more than a week. President Donald Trump said that he will adjust his tax plan in the coming weeks without specifying what the adjustments would be. The tight legislative arithmetic means that the administration will have to tread carefully to avoid alienating any more than 2 GOP senators. The recent feud between the president and Senator Bob Corker won't help the passage of the fiscal plan. Currently, the TSX is up 0.29% and the DOW is up 0.04%. EURCAD is up 0.23% trading between 1.4761 and 1.4821. GBPCAD is down 0.21% trading between 1.6479 and 1.6529. JPYCAD is up 0.34% trading between 0.01114 and 0.01156. Gold is down 0.10% trading between $1,286 and $1,291USD/oz., silver is down 0.18% trading between $17.08 and $17.19USD/oz., while oil is down 0.09% trading between $50.77 and $51.41.

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

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