Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 30, 2017

USDCAD spot rate: 1.2860 - 1.2865 (as at 7:13am PST)

Ranges:

Asia:

1.2855

to

1.2875

Europe:

1.2862

to

1.2902

North America:

1.2851

to

1.2876

Technical Support / Resistance:

S2

S1

R1

R2

1.2800

1.2850

1.2910

1.2970

Key Economic Data Releases:

- U.S. Initial Jobless claims 238k (240k exp.) 240k previous

- Canadian Current account -19.35B (-19.5 B exp.) -15.59B previous

Key Event Calendar:

Date

Canada

U.S.A.

Dec. 1

Net employment change, unemployment rate, GDP (Sept), GDP Q3 annualized, RBC mfg. PMI

ISM manufacturing PMI

OPEC agreed to extend its oil-production cuts to the end of next year as the job of rebalancing the market is not yet done, according to delegates at a ministerial meeting in Vienna. Talks have now moved on to the mechanism that will be used to review the agreement in mid-2018, the delegates said, asking not to be identified as the closed-door discussion isn't yet over. Ministers also need to get Russia, their largest non-OPEC ally, on board at a meeting with other partner countries later on Thursday. A final vote on the US Senate tax bill is expected late Thursday or Friday. Republicans are racing to approve the measure, which survived a procedural vote on Wednesday that allows debate to begin. The House and Senate tax bills still contain major differences. It's not clear whether the competing versions of the plan can be reconciled without losing votes. Currently, the TSX is up 0.27% and the DOW is up 0.48%. EURCAD is up 0.58% trading between 1.5210 and 1.5316. GBPCAD is up 0.66% trading between 1.7249 and 1.7367. JPYCAD is up 0.14% trading between 0.01145 and 0.01149. Gold is down 0.21% trading between $1,276 and $1,280USD/oz., silver is down 0.75% trading between $16.37 and $16.59USD/oz., while oil up 0.66% trading between $57.28 and $57.97.

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

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