Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 14, 2017

USDCAD spot rate: 1.2855 - 1.2860 (as at 7:43am PST)

Ranges:

Asia:

1.2802

to

1.2825

Europe:

1.2814

to

1.2865

North America:

1.2832

to

1.2860

Technical Support / Resistance:

S2

S1

R1

R2

1.2650

1.2802

1.2870

1.2908

Key Economic Data Releases:

- U.S. Retail Sales 0.8% (0.3% exp.) 0.3% previous

- U.S. Initial jobless claims 225k (239k exp.) 236k previous

Event Calendar:

Date

Canada

U.S.A.

Dec. 14

Dec. 15

Manufacturing sales

Retail sales

Industrial production

U.S. stocks rose toward records and the US dollar gained amid continued optimism on the economy's strength after retail sales topped estimates. Yesterdays Fed meeting turned out to be a nonevent. The euro turned lower as the European Central Bank remained cautious about the prospects for reaching its inflation goals. Currently, the TSX and the DJIA are up 0.07% and 0.25% respectively. EURCAD is down 0.30% trading between 1.5149 and 1.5227. GBPCAD is up 0.35% trading between 1.7169 and 1.7297. JPYCAD is up 0.25% trading between 0.01135 and 0.01140. Gold is down 0.49% trading between $1,250 and $1,259USD/oz., silver is down 1.40% trading between $15.84 and $16.12USD/oz., while oil is down 1.15% trading between $56.10 and $56.90.

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

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