Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 18, 2017


USDCAD spot rate: 1.2855 - 1.2860 (as at 8:45am PST)

Ranges:

Asia:

1.2845

to

1.2880

Europe:

1.2841

to

1.2881

North America:

1.2855

to

1.2870

Technical Support / Resistance:

S2

S1

R1

R2

1.2650

1.2813

1.2885

1.2917

Key Economic Data Releases:

- Canada Foreign securities transaction 16.4B 1.7B previous

Event Calendar:

Date

Canada

U.S.A.

Dec. 19

Dec. 20

Dec. 21

Dec. 22

Wholesale sales

CPI, retail sales, ADP employment

GDP (Oct.)

Housing starts, building permits

Existing home sales

GDP Q3, Philly Fed manufacturing

Durable goods orders, new home sales

Stocks kicked off the penultimate week of the year on a positive note after Republicans reached an agreement on the shape of U.S. tax cuts. The dollar dropped and Treasuries headed lower. The S&P 500 Index opened higher on Monday as investors continue to focus on the progress of tax legislation. Mid-week votes in the U.S. House of Representatives and Senate are planned on a measure that will reduce corporate and individual tax rates. Lawmakers are aiming for the bill to land on President Donald Trump's desk for a signature before Christmas. Currently, the TSX and the DJIA are up 0.79% and 0.75% respectively. EURCAD is up 0.75% trading between 1.5110 and 1.5203. GBPCAD is up 0.75% trading between 1.7133 and 1.7275. JPYCAD is up 0.60% trading between 0.01140 and 0.01145. Gold is up 0.63% trading between $1,252 and $1,262USD/oz., silver is up 0.93% trading between $16.01 and $16.15USD/oz., while oil is down 0.05% trading between $57.276 and $57.75.

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

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