Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 17, 2017

USDCAD spot rate: 1.2555 - 1.2560 (as at 8:15am PST)

Ranges:

Asia:

1.2526

to

1.2550

Europe:

1.2525

to

1.2553

North America:

1.2538

to

1.2560

Technical Support / Resistance:

S2

S1

R1

R2

1.2420

1.2500

1.2565

1.2640

Key Economic Data Releases:

- U.S. Industrial production 0.3% (0.2% exp.) -0.7% previous

Key Event Calendar:

Date

Canada

U.S.A.

Oct 18

Oct 19

Oct 20

Manufacturing sales

CPI, retail sales

Building permits, housing starts

Philadelphia Fed manufacturing index

Existing home sales

World equity markets held close to record highs on Tuesday, as investors latched on to rising bets on higher borrowing costs in the U.S. and Britain. Reports that U.S. President Trump might pick Stanford University economist John Taylor to lead the Fed after Janet Yellen's term ends next year sent two-year Treasury yields to their highest since 2008 and pushed up the dollar. That meant European bonds started in the red too while the euro was down for a fourth straight day for the first time since May. Taylor is an advocate of a rules-based approach to interest rate policy that would likely see official Fed rates much higher than at present – at least 3.5 per cent according to some economists. Currently, the TSX is up 0.09% and the DOW is up 0.03%. EURCAD is down 0.19% trading between 1.4720 and 1.4772. GBPCAD is down 0.40% trading between 1.6514 and 1.6657. JPYCAD is up 0.44% trading between 0.01115 and 0.01119. Gold is down 0.85% trading between $1,283 and $1,295USD/oz., silver is down 1.09% trading between $17.02 and $17.25USD/oz., while oil is up 0.05% trading between $51.68 and $52.23.

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

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