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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 29, 2018

USDCAD spot rate: 1.2335 - 1.2340 (as at 8:09am PST)

Ranges:

Asia:

1.2310

to

1.2357

Europe:

1.2329

to

1.2357

North America:

1.2321

to

1.2346

Technical Support / Resistance:

S2

S1

R1

R2

1.2245

1.2296

1.2394

1.2420

Key Economic Data Releases:

- U.S. personal income: 0.4% (exp 0.3% / prev 0.3%)

- U.S. personal spending: 0.4% (exp 0.4% / prev 0.8%)

- U.S. personal PCE index: 0.1% (exp 0.0% / 0.2%)

Event Calendar:

Date

Canada

U.S.A.

Jan. 30

Jan. 31

Feb. 1

Feb. 2

GDP (Nov.)

Markit manufacturing PMI

Home price indices

ADP employment change, Fed interest rate

Markit / ISM manufacturing PMI

Non-farm payrolls, unemployment rate, Avg. hourly earnings, consumer sentiment index

The 10-year Treasury traded with the highest yields since April 2014 this morning, while the yield on the German five-year bond moved above zero for the first time since December 2015. The selloff comes as the USD halts its recent slide ahead of a busy week for fixed-income investors. On Wednesday, The Federal Reserve may shift its language to a more hawkish tone in Janet Yellen's last meeting as chair, according to Goldman Sachs Group Inc. Friday brings payrolls data for January, which should give the first clear view of the U.S. economy after a disappointing end to 2017. British Prime Minister Theresa May is again under pressure from rebel members of her own party as the U.K. government seeks to find common ground on a Brexit position ahead of the start of talks on the 'transition phase' of the country's exit from the EU. She already faces calls to sack Chancellor of the Exchequer Philip Hammond after he suggested a softening of terms of the divorce after her approach came under criticism. Analysts suggest that politics may start moving the pound lower this week following a gain of more than 4% this month. Currently, the TSX is down 0.11% and the DOW is down 0.47%. EURCAD is up 0.33% trading between 1.5230 and 1.5345. GBPCAD is down 0.24 trading between 1.7344 and 1.7451. JPYCAD is up 0.13% trading between 0.01131 and 0.01135. Gold is down 0.64% trading between $1,340 and $1,352USD/oz., silver is down 0.58% trading between $17.19 and $17.48USD/oz., while oil is down 1.33% trading between $65.26 and $66.37.

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

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