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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 28, 2018

USDCAD spot rate: 1.2807 - 1.2812 (as at 8:08am PST)

Ranges:

Asia:

1.2762

to

1.2780

Europe:

1.2759

to

1.2792

North America:

1.2776

to

1.2817

Technical Support / Resistance:

S2

S1

R1

R2

1.2650

1.2703

1.2845

1.2895

Key Economic Data Releases:

- Canada raw mat.: 3.3% (exp 1.8% / prev -0.9%)

- Canada industrial product prices: 0.3% (exp 0.5% / prev -0.1%)

- U.S. GDP Q4: 2.5% (exp 2.5% / prev 2.5%)

- U.S. Chicago PMI: 61.9 ( exp 64.2 / prev 65.7)

- U.S. pending home sales: -4.7% (exp 0.3% / prev 0.5%)

Event Calendar:

Date

Canada

U.S.A.

Mar. 1

Mar. 2

Current acct., Markit mfg. PMI

GDP (Dec) / GDP Q4 annualized

Core PCE price index, personal income / spending, ISM / Markit mfg. pmi

Consumer sentiment index

All major equity gauges were higher one day after falling more than 1% following a generally upbeat assessment of the U.S. economy from Federal Reserve Chairman Jerome Powell, which left investors wondering if the central bank planned more interest rate hikes than expected in 2018. Eurostat's flash inflation estimate for February showed a drop to 1.2 %, in line with expectations. This third successive decline in euro-area consumer price growth will likely keep the pressure off European Central Bank President Mario Draghi as debate intensifies over when the bank's QE program will be phased out. The EUR/USD was broadly unchanged at 1.2228 after that data was released. The GBP extended a decline and the nation's bonds rose after the EU published a draft Brexit treaty, with Prime Minister Theresa May squaring off for a fight. Currently, the TSX is down 0.12% and the DOW is up 0.35%. EURCAD is up 0.07% trading between 1.5570 and 1.5636. GBPCAD is down 0.58% trading between 1.7637 and 1.7769. JPYCAD is up 0.87% trading between 0.01187 and 0.01198. Gold is up 0.08% trading between $1,315 and $1,322USD/oz., silver is down 0.21% trading between $16.35 and $16.50USD/oz., while oil is down 1.04% trading between $62.31 and $63.43.

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

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