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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 3, 2018

USDCAD spot rate: 1.2535 - 1.2540 (as at 8:45am PST)

Ranges:

Asia:

1.2498

to

1.2532

Europe:

1.2499

to

1.2530

North America:

1.2518

to

1.2539

Technical Support / Resistance:

S2

S1

R1

R2

1.2445

1.2495

1.2560

1.2600

Key Economic Data Releases:

- U.S. ISM manufacturing PMI: 59.7 (exp 58.1 / prev 58.2)

- U.S. Fed minutes 11am

Event Calendar:

Date

Canada

U.S.A.

Jan.04

Jan.05

Unemployment rate

ADP Employment change, jobless claims

Unemployment rate

At 11am, the minutes from December's rate-hike Federal Reserve meeting will be published, with investors looking for hints of any increased hawkishness amid an uptick in market-derived inflation expectations. The biggest shakeup to European financial regulation in a decade comes into force today, a "Big Bang" that will transform the market landscape. This morning, European stock trading volumes are about 25% lower than the 30-day average with investors across a slew of asset classes cautious as the new rules take effect. Currently, the TSX is up 0.32% and the DOW is up 0.24%. EURCAD is down 0.14% trading between 1.5030 and 1.5092. GBPCAD is down 0.37% trading between 1.6911 and 1.7031. JPYCAD is up 0.17% trading between 0.01113 and 0.01116. Gold is down 0.30% trading between $1,311 and $1,321USD/oz., silver is up 0.08% trading between $17.02 and $17.20USD/oz., while oil is up 1.80% trading between $60.28 and $61.46.

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

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