Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 12, 2017

USDCAD spot rate: 1.2485 - 1.2490 (as at 7:15am PST)

Ranges:

Asia:

1.2432

to

1.2463

Europe:

1.2438

to

1.2491

North America:

1.2470

to

1.2491

Technical Support / Resistance:

S2

S1

R1

R2

1.2400

1.2430

1.2495

1.2550

Key Economic Data Releases:

- U.S. PPI 2.6% (2.5% exp.) 2.4% previous

- US Initial Jobless claims 243k (251k exp.) 258k previous

Key Event Calendar:

Date

Canada

U.S.A.

Oct 13

CPI, retail sales, consumer sentiment index

The dollar sagged on Thursday after the U.S. Federal Reserve showed a more guarded view towards inflation, but that did not derail a rally in stock markets that pushed Asian shares to their highest in a decade. Against a basket of six major currencies, the dollar wallowed at its lowest in more than two weeks after minutes from the Fed's September meeting showed policy makers had a prolonged debate about the prospects of a pickup in inflation and the path of future interest rate rises if it did not. While this did not cool market expectations for a hike in December – which stand at around 80 per cent, according to CME's FedWatch tool – it did make investors re-evaluate the long-term path for policy in the world's largest economy. Currently, the TSX is down 0.19% and the DOW is down 0.14%. EURCAD is up 0.03% trading between 1.4740 and 1.4800. GBPCAD is down 0.31% trading between 1.6362 and 1.6515. JPYCAD is up 0.54% trading between 0.01107 and 0.01112. Gold is down 0.50% trading between $1,289 and $1,297USD/oz., silver is down 0.38% trading between $17.11 and $17.25USD/oz., while oil is down 1.19% trading between $50.28 and $51.13.

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

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