Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 19, 2018

USDCAD spot rate: 1.3095 - 1.3100 (as at 8:02am PST)

Ranges:

Asia:

1.3090

to

1.3125

Europe:

1.3045

to

1.3126

North America:

1.3081

to

1.3103

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3041

1.3131

1.3180

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Mar. 20

Mar. 21

Mar. 22

Mar. 23

Wholesale sales

Retail sales, CPI

Fed interest rate decision, economic projections

Housing price index, Markit manufacturing PMI

Durable goods orders, new home sales

Stocks declined globally on Monday amid a technology selloff and as investors braced for a week packed with risk events, from central bank decision to a G-20 gathering. Government bonds also fell, while the GBP jumped on a Brexit breakthrough. In a busy week, the biggest focus for global markets will be the first U.S. interest rate decision under new Federal Reserve Chairman Jerome Powell. It comes after he hinted to investors that he's open to lifting the policy rate 4 times this year, rather than the 3 currently reflected in the dot-plot forecasts. Some Wall Street banks such as Goldman Sachs Group expect the median projections to rise to 4 on Wednesday, while others say there will be no change following a round of mediocre data and policy makers' stated intentions to move gradually. Currently, the TSX is down 0.56% and the DOW is down 0.82%. EURCAD is up 0.23% trading between 1.6054 and 1.6136. GBPCAD is up 0.65% trading between 1.8242 and 1.8415. JPYCAD is down 0.15% trading between 0.01232 and 0.01240. Gold is down 0.12% trading between $1,307 and $1,314USD/oz., silver is up 0.11% trading between $16.20 and $16.32USD/oz., while oil is down 0.27% trading between $61.96 and $62.33.

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

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