Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 4, 2018

USDCAD spot rate: 1.2525 - 1.2530 (as at 8:45am PST)

Ranges:

Asia:

1.2515

to

1.2555

Europe:

1.2511

to

1.2544

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. Initial jobless claims 250k (240k exp.) 247k previous

- U.S. ADP employment change 250k (190k exp.) 185k previous

Event Calendar:

Date

Canada

U.S.A.

Jan.05

Unemployment rate

Unemployment rate

Stocks rallied around the world on signs the global economic expansion that pushed benchmarks to records in 2017 remains intact. The dollar slipped and U.S. Treasuries extended declines as a private report showed U.S. employment strengthening. The Dow Jones Industrial Average surpassed 25,000 for the first time, while the Standard & Poor's 500 Index and the Nasdaq Composite Index also opened at record highs.

Currently, the TSX is up 0.12% and the DOW is up 0.54%. EURCAD is up 0.33% trading between 1.5040 and 1.5138. GBPCAD is up 0.07% trading between 1.6920 and 1.6978. JPYCAD is down 0.47% trading between 0.01109 and 0.01114. Gold is up 0.25% trading between $1,305 and $1,317USD/oz., silver is up 0.38% trading between $16.98 and $17.20USD/oz., while oil is up 0.08% trading between $61.64 and $62.21

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

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