Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 2, 2017


USDCAD spot rate: 1.2835 - 1.2840 (as at 7:05am PST)

Ranges:

Asia:

1.2822

to

1.2874

Europe:

1.2828

to

1.2865

North America:

1.2826

to

1.2815

Technical Support / Resistance:

S2

S1

R1

R2

1.2750

1.2820

1.2880

1.2950

Key Economic Data Releases:

- U.S. initial jobless claims 229k (235k exp.) 234k previous

- U.S. non-farm productivity 3.0% (2.4% exp.) 1.5% previous

Key Event Calendar:

Date

Canada

U.S.A.

Nov. 3

Net employment change, unemployment rate, trade bal.

Non-farm payrolls, unemployment rate, trade balance, ISM non-mfg. PMI

U.S. stocks were mixed amid a flood of technology earnings, while the dollar fluctuated as investors awaited tax-cut details and this afternoons US Federal choice by President Trump. The pound slumped and gilts surged after the Bank of England indicated its first rate hike in a decade might be the last for a while. Currently, the TSX is up 0.08% and the DOW is down 0.12%. EURCAD is down 0.05% trading between 1.4930 and 1.4991. GBPCAD is down 1.79% trading between 1.6792 and 1.7073. JPYCAD is down 0.29% trading between 0.01124 and 0.01128. Gold is up 0.39% trading between $1,273 and $1,281USD/oz., silver is up 0.44% trading between $17.05 and $17.22USD/oz., while oil is down 0.05% trading between $54.00 and $55.48.

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

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