Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 24, 2017

USDCAD spot rate: 1.2650 - 1.2655 (as at 7:15am PST)

Ranges:

Asia:

1.2624

to

1.2659

Europe:

1.2621

to

1.2668

North America:

1.2630

to

1.2660

Technical Support / Resistance:

S2

S1

R1

R2

1.2575

1.2620

1.2675

1.2725

Key Economic Data Releases:

- U.S. Manufacturing / services PMI 54.5 (53.5 exp.) 53.1 previous

Key Event Calendar:

Date

Canada

U.S.A.

Oct 25

Oct 26

Oct 27

Bank of Canada interest rate

Durable goods orders, new home sales

Pending home sales

GDP (Q3), consumer sentiment index

European stocks dipped and bond yields drifted higher on Tuesday, as data from the euro zone's top economies bolstered the case for the European Central Bank to signal a sizable cut this week to its stimulus measures. Asia had cheered a record-breaking 16th straight gain for Japan's Nikkei index overnight. That kept MSCI's 47-country world share index near its recent all-time highs. Major currencies mainly kept to narrow ranges. The dollar edged down from recent highs as the wait continued for Wednesday's Bank of Canada meeting and Thursday's ECB meeting and for Donald Trump to name the next head of the U.S. central bank after he said on Monday a decision was "very, very close". Currently, the TSX and the DJIA are both up by roughly 0.45%. EURCAD is up 0.10% trading between 1.4840 and 1.4898. GBPCAD is down 0.25% trading between 1.6627 and 1.6713. JPYCAD is down 0.55% trading between 0.01109 and 0.01115. Gold is down 0.57% trading between $1,275 and $1,283USD/oz., silver is down 0.85% trading between $16.91 and $17.14USD/oz., while oil is up 0.65% trading between $51.57 and $52.38.

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

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