Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 16, 2018

USDCAD spot rate: 1.2420 - 1.2425 (as at 8:01am PST)

Ranges:

Asia:

1.2420

to

1.2446

Europe:

1.2420

To

1.2452

North America:

1.2418

To

1.2430

Technical Support / Resistance:

S2

S1

R1

R2

1.2330

1.2400

1.24600

1.2590

Key Economic Data Releases:

- NY Empire state Manufacturing 17.7 (18.0 exp.) 19.6 previous

Event Calendar:

Date

Canada

U.S.A.

Jan. 17

Jan.18

Jan.19

Bank of Canada interest rate

Manufacturing sales

Industrial production

Building permits, housing starts

Consumer sentiment index

The U.S. stocks jumped to records with the Dow Jones Industrial Average crossing 26,000 and S&P 500 Index surpassing 2,800, both for the first time, as Citigroup Inc. discussed possible significant investor payouts from the bank's windfall stemming from a major tax cut. All major U.S. equity gauges opened higher. The dollar strengthened after its lowest close in three years, rising alongside Treasuries as Congress tries to avert a government shutdown Friday. Meanwhile in Canada all eyes are on tomorrows Bank of Canada interest rate announcement. The euro came under pressure as prospects for a German coalition government were dealt an early blow, and on reports the European Central Bank will maintain a bond-buying pledge when it meets next week. Currently, the TSX is down 0.16% and the DOW is up 1.05%. EURCAD is down 0.35% trading between 1.5148 and 1.5256. GBPCAD is down 0.28% trading between 1.7077 and 1.7159. JPYCAD is down 0.21% trading between 0.01119 and 0.01125. Gold is down 0.56% trading between $1,332 and $1,341USD/oz., silver is down 0.70% trading between $16.79 and $17.36USD/oz., while oil is down 1.05% trading between $63.79 and $64.64.

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

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