Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 21, 2018

USDCAD spot rate: 1.2970 - 1.2975 (as at 8:12am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Fed interest rate decision: 11am

Event Calendar:

Jerome Powell will grab headlines today with an all but assured rate hike in his first meeting as Federal Reserve chairman. But look to the fine print for the biggest news. With 25 basis-point rate rise seen as a done deal, the focus is on Powell's path to tighter policy. Today he'll get the chance to oversee a revision of the 2018 dot-plot forecasts that would see the central bank speed up the pace of increases to 4 from 3, driven in part by Congress's passage of a $1.5 trillion tax overhaul and $300 billion in spending. A policy statement will be released at 11am and he'll host a press conference that begins 30 minutes later. Currently, the TSX is up 0.07% and the DOW is down 0.04%. EURCAD is down 0.52% trading between 1.5927 and 1.6026. GBPCAD is down 0.36% trading between 1.8221 and 1.8366. JPYCAD is down 0.63% trading between 0.01220 and 0.01227. Gold is up 0.83% trading between $1,309 and $1,323USD/oz., silver is up 1.38% trading between $16.18 and $16.48USD/oz., while oil is up 1.85% trading between $63.59 and $64.79.

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