Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 1, 2018

USDCAD spot rate: 1.2300 - 1.2305 (as at 7:06am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada Markit mfg PMI 55.9 (54.8 exp.) 54.7 previous

- U.S. Manufacturing PMI 55.5 (54.9 exp.) 55.5 previous

- U.S. Initial jobless claims 230k (238k exp.) 231k previous

Event Calendar:

U.S. factories expanded more than forecast in January and near the fastest pace in more than 13 years, indicating manufacturing was still powering ahead at the start of 2018, Institute for Supply Management data showed Thursday. Canada also fared well in the same area beating forecasts handily. Yesterdays Fed meeting proved largely uneventful as Janet Yellen leaves with the US economy in good shape. Currently, the TSX is down 0.21% and the DOW is down 0.02%. EURCAD is up 0.22% trading between 1.5250 and 1.5353. GBPCAD is up 0.19 trading between 1.7440 and 1.7560. JPYCAD is down 0.27% trading between 0.01121 and 0.01127. Gold is down 0.20% trading between $1,337 and $1,347USD/oz., silver is down 1.00% trading between $17.11 and $17.37USD/oz., while oil is up 0.92% trading between $64.64 and $65.61.

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