Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 9, 2018

USDCAD spot rate: 1.2450 - 1.2455 (as at 8:30am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada Housing starts 217.0k (212.5K exp.) 251.7k previous

Event Calendar:

The Dow Jones Industrial average resumed its march higher to a new record this morning. European equities climbed a fifth day as unemployment in the region fell to the lowest since early 2009. China's yuan dropped after the central bank adjusted its currency-fixing mechanism. The 10-year Treasury yield hit 2.52 percent after Bank of Japan cut purchases of long-dated bonds. The pound fell as a reshuffle of senior U.K. government ministers descended into chaos. Currently, the TSX is down 0.07% while the DJIA is up 0.18%. EURCAD is down 0.05% trading between 1.4810 and 1.4863. GBPCAD is down 0.15% trading between 1.6794 and 1.6856. JPYCAD is up 0.55% trading between 0.01097 and 0.01105. Gold is down 0.50% trading between $1,308 and $1,320USD/oz., silver is down 0.77% trading between $16.91 and $17.14USD/oz., while oil is up 0.44% trading between $61.80 and $62.30.

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