Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 27, 2018
USDCAD spot rate: 1.2730 - 1.2735 (as at 8:05am PST)
| Ranges: | Asia: | 1.2667 | to | 1.2690 |
| Europe: | 1.2680 | to | 1.2715 | |
| North America: | 1.2701 | to | 1.2737 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2600 | 1.2660 | 1.2745 | 1.2800 |
Key Economic Data Releases:
- U.S. durable goods -0.3% (0.4% exp.) 0.7% previous
- Government of Canada Budget
Event Calendar:
| Date | Canada | U.S.A. |
| Feb. 28 Feb. 29 Feb. 30 | Raw mat. / industrial product prices Current acct., Markit mfg. PMI GDP (Dec) / GDP Q4 annualized | GDP Q4, Chicago PMI, pending home sales Core PCE price index, personal income / spending, ISM / Markit mfg. pmi Consumer sentiment index |
Markets turned positive as new U.S. Fed Chairman Jerome Powell testified before congress with a very upbeat take on the current and future American economy. Meanwhile in Canada, all eyes will be on the Federal government as they unveil their budget later on in the day. The expectation is for a status quo , go slow announcement as concerns are mounting over the Canadian economy. Currently, the TSX is up 0.16% and the DOW is up 0.21%. EURCAD is up 0.02% trading between 1.55598 and 1.5658. GBPCAD is up 0.02% trading between 1.7679 and 1.7746. JPYCAD is up 0.22% trading between 0.01183 and 0.01188. Gold is down 0.33% trading between $1,324 and $1,337USD/oz., silver is down 0.57% trading between $16.48 and $16.70USD/oz., while oil is down 0.44% trading between $63.57 and $64.06.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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