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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