Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 31, 2017
USDCAD spot rate: 1.2895 - 1.2900 (as at 7:13am PST)
| Ranges: | Asia: | 1.2830 | to | 1.2845 |
| Europe: | 1.2828 | to | 1.2865 | |
| North America: | 1.2850 | to | 1.2915 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2750 | 1.2820 | 1.2915 | 1.3000 |
Key Economic Data Releases:
- Canadian GDP -0.1% (0.1% exp.) 0.0% previous
Key Event Calendar:
| Date | Canada | U.S.A. |
| Nov. 1 Nov. 2 Nov. 3 | RBC manufacturing PMI Net employment change, unemployment rate, trade bal. | Consumer confidence ADP employment, ISM mfg., Fed interest rate Non-farm productivity, unit labour costs Non-farm payrolls, unemployment rate, trade balance, ISM non-mfg. PMI |
The Canadian dollar weakened this morning as GDP numbers came out much weaker than expected for a second month in a row. Overall the economy has dipped into negative territory for the past 2 months. Meanwhile markets will turn to the US FED meeting which starts today and ends tomorrow. No interest rate hike is expected but the outlook will be key in determining whether we see one in December Currently, the TSX is up 0.13% and the DJIA is down 0.03%. EURCAD is up 0.45% trading between 1.4910 and 1.5022. GBPCAD is up 0.70% trading between 1.6934 and 1.7093. JPYCAD is up 1.10% trading between 0.01132 and 0.01138. Gold is down 0.40% trading between $1,270 and $1,278USD/oz., silver is down 0.77% trading between $16.72 and $16.89USD/oz., while oil is down 20.20% trading between $53.94 and $55.28.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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