Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 22, 2018

USDCAD spot rate: 1.2720 - 1.2725 (as at 8:03am PST)

Ranges:

Asia:

1.2688

to

1.2706

Europe:

1.2675

to

1.2715

North America:

1.2700

to

1.2753

Technical Support / Resistance:

S2

S1

R1

R2

1.2590

1.2670

1.2755

1.2800

Key Economic Data Releases:

- U.S. Initial Jobless claims 222k (230k exp.) 229k previous

- Canadian retail sales -0.8% (0.2% exp.) 0.3% previous

Event Calendar:

Date

Canada

U.S.A.

Feb. 23

CPI

Federal Reserve Governor Randal Quarles delivered an upbeat assessment of the U.S. economy and endorsed a "gradual" path for raising interest rates in his first public speech on monetary policy since joining the central bank in October. "The U.S. economy appears to be performing very well and, certainly, is in the best shape that it has been in since the crisis and, by many metrics, since well before the crisis," Quarles said in prepared remarks in Tokyo. And there's more to come from Fed officials Thursday: Bill Dudley is speaking at a briefing on Puerto Rico, Raphael Bostic talks at a banking conference and Robert Kaplan appears on a trade panel in Vancouver. Currently, the TSX is up 0.25% and the DOW is up 0.54%. EURCAD is up 0.57% trading between 1.5560 and 1.5688. GBPCAD is up 0.35% trading between 1.7583 and 1.7741. JPYCAD is up 1.28% trading between 0.01178 and 0.01191. Gold is up 0.35% trading between $1,320 and $1,329USD/oz., silver is up 0.32% trading between $16.40 and $16.61USD/oz., while oil is up 0.15% trading between $60.76 and $62.09.

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

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