Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 23, 2017

USDCAD spot rate: 1.2715 - 1.2720 (as at 8:00am PST)

Ranges:

Asia:

1.2680

to

1.2709

Europe:

1.2672

To

1.2730

North America:

1.2715

To

1.2719

Technical Support / Resistance:

S2

S1

R1

R2

1.2600

1.26650

1.2735

1.2800

Key Economic Data Releases:

- U.S. Thanksgiving

- Canadian Retail sales 0.1% (0.9% exp.) -0.1% previous

Key Event Calendar:

Date

Canada

U.S.A.

Nov. 24

Manufacturing PMI, services PMI

The US dollar was on the defensive Thursday after suffering its worst drubbing in five months, as the biggest slump in Chinese stocks in almost two years took the shine off another record high in the global bull run. The near 3 per cent drop in China came as its recent bond markets worries bled into equities and added to Europe's subdued mood as its main bourses opened in the red for the 10th day in the last 13. North America will see thin currency trading today as US Markets are closed for Thanksgiving. Currently, the TSX is up 0.11% while the DOW is closed. EURCAD is up 0.61% trading between 1.5000 and 1.5075. GBPCAD is up 0.08% trading between 1.6855 and 1.6940. JPYCAD is up 0.19 trading between 0.01139 and 0.01143. Gold is down 0.23% trading between $1,287 and $1,293USD/oz., silver is down 0.34% trading between $17.06 and $17.16USD/oz., while oil is up 0.26% trading between $57.77 and $58.30.

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

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