Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 24, 2018
USDCAD spot rate: 1.2345 - 1.2350 (as at 8:00am PST)
| Ranges: | Asia: | 1.2395 | to | 1.2424 |
| Europe: | 1.2315 | to | 1.2413 | |
| North America: | 1.2329 | to | 1.2356 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2240 | 1.2273 | 1.2441 | 1.2500 |
Key Economic Data Releases:
- U.S. house price index: 0.4% (exp 0.3% / prev 0.6%)
- U.S. market mfg: 55.5 (exp 55.0 / prev 55.1)
- U.S. market services: 53.3 (exp 54.0 / prev 53.7)
Event Calendar:
| Date | Canada | U.S.A. |
| Jan.25 Jan.26 | Retail sales CPI | New home sales GDP (Q4) annualized, durable goods orders |
The USD has fallen to a 3-year low and treasuries slumped after U.S. Secretary Steven Mnuchin endorsed a weaker greenback. Stocks rose as a strong earnings season continues to impress investors. Mnuchin's comments added pressure on a greenback that's been in the decline for a year, with effects rippling across markets as growth in European and emerging-nation economies continue to accelerate past America. The JPY pushed past 110 per dollar for the first time since September. Currently, the TSX is down 0.22% and the DOW is up 0.61%. EURCAD is up 0.05% trading between 1.5190 and 1.5303. GBPCAD is up 0.99% trading between 1.7385 and 1.7571. JPYCAD is up 0.16% trading between 0.01124 and 0.01129. Gold is up 0.84% trading between $1,339 and $1,355USD/oz., silver is up 1.72% trading between $16.98 and $17.43USD/oz., while oil is up 1.02% trading between $64.36 and $65.12.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
Follow us
Disclaimer
The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.
