Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 19, 2017

USDCAD spot rate: 1.2480 - 1.24850 (as at 7:23am PST)

Ranges:

Asia:

1.2451

to

1.2487

Europe:

1.2451

to

1.2485

North America:

1.2470

to

1.2484

Technical Support / Resistance:

S2

S1

R1

R2

1.2400

1.2450

1.2590

1.2640

Key Economic Data Releases:

- Philly Fed manufacturing index 27.9 (22.0 exp.) 23.8 previous

- U.S. initial jobless claims 222k (240k exp.) 244k previous

Key Event Calendar:

Date

Canada

U.S.A.

Oct 20

CPI, retail sales

Existing home sales

World stocks set a fresh record high before stalling in Europe on Thursday, as the longest winning streak for Japanese stocks since 1998 and the first close above 23,000 for Wall Street's Dow index helped to offset nerves in Spain. Traders were marking 30 years to the day since the 1987 Black Monday stock market crash but there couldn't have been a greater contrast as equity markets have continued to clock up milestone after milestone. The Nikkei enjoyed its 13th straight daily rise, helping the MSCI index of global stock markets – now up 17.6 per cent for the year – add to its long list of record highs. It wasn't all one-way traffic, though. European shares took their biggest tumble in almost two months after a new batch of third-quarter results brought some disappointments. The other big currency market move came from the New Zealand dollar. It was sent skidding to its lowest since May after the left-leaning Labour Party won the support of the minor nationalist New Zealand First party to form a ruling coalition. Currently, the TSX is unchanged and the DOW is down 0.41%. EURCAD is up 0.57% trading between 1.4690 and 1.4788. GBPCAD is down 0.17% trading between 1.6382 and 1.6484. JPYCAD is up 1.59% trading between 0.01101 and 0.01109. Gold is up 0.33% trading between $1,277 and $1,289USD/oz., silver is up 0.34% trading between $16.91 and $17.09USD/oz., while oil is down 1.47% trading between $51.08 and $52.11.

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

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