Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 12, 2018

USDCAD spot rate: 1.2828 - 1.2830 (as at 8:19am PST)

Ranges:

Asia:

1.2803

to

1.2819

Europe:

1.2810

to

1.2840

North America:

1.2815

to

1.2838

Technical Support / Resistance:

S2

S1

R1

R2

1.2730

1.2788

1.2894

1.2950

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Mar. 13

Mar. 14

Mar. 15

Mar. 16

Manufacturing shipments

CPI

Retail sales, PPI

Philadelphia Fed manufacturing index

Housing starts, building permits, industrial production, consumer sentiment

Stocks gave up early gains Monday as uncertainty over the prospect of new tariffs chipped away at industrial and consumer staple shares. Treasuries gained, while most commodities fell. The S&P 500 Index retreated after opening higher, held back by manufacturers that would suffer more than most companies in a trade war. Most chipmakers maintained their gains, pushing the Nasdaq upward. Strong economic indicators seem to have given fresh impetus to the 9-year-old bull market in global equities, but stocks have been roiled lately as U.S. President Donald Trump raised the prospect of a full-fledged trade war. As we move forward the focus will remain on trade and tariffs and the potential for some shot across the bow for the Chinese given some of the recent Trump tweets. To the extent Trump continues to pick smaller items to focus in regards to trade the better, but if he ramps it up even further and that sparks significant retaliation then things could get ugly. Currently, the TSX is up 0.24% and the DOW is down 0.16%. EURCAD is up 0.17% trading between 1.5757 and 1.5809. GBPCAD is up 0.34% trading between 1.7738 and 1.7834. JPYCAD is up 0.39% trading between 0.01197 and 0.01203. Gold is down 0.27% trading between $1,314 and $1,324USD/oz., silver is down 0.18% trading between $16.44 and $16.60USD/oz., while oil is down 1.37% trading between $61.19 and $62.32.

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

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