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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 21, 2017

USDCAD spot rate: 1.2740 - 1.2745 (as at 8:45am PST)

Ranges:

Asia:

1.2820

to

1.2836

Europe:

1.2730

to

1.2839

North America:

1.2736

to

1.2770

Technical Support / Resistance:

S2

S1

R1

R2

1.2650

1.2720

1.2840

1.2900

Key Economic Data Releases:

- US GDP 3.2% (3.3% exp. ) 3.3% previous

- Canadian Reatail Sales .8% (.4% exp.) .4% previous

- Canadian CPI .3% (.2% exp.) .1% previous

- Canadian ADP Employment 59.2 K (-5.7k previous)

Event Calendar:

Date

Canada

U.S.A.

Dec. 22

GDP (Oct.)

Durable goods orders, new home sales

The Canadian Economy jolted the markets with a number of better than expected reports this morning. Retail sales, Inflation as well as ADP jobs report were all better than expected. Meanwhile the US GDP numbers were unimpressive. This has all combined to cause the Canadian dollar to be THE star performer on the day. Currently, the TSX and the DJIA are up 0.01% and 0.35% respectively. EURCAD is down 0.85% trading between 1.5097 and 1.5255. GBPCAD is down 0.85% trading between 1.6993 and 1.7184. JPYCAD is down 0.95% trading between 0.01121 and 0.01132. Gold is down 0.03% trading between $1,262 and $1,268USD/oz., silver is down 0.03% trading between $16.08 and $16.25USD/oz., while oil is down 0.35% trading between $57.23 and $57.61.

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

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