Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 22, 2018

USDCAD spot rate: 1.2910 - 1.2915 (as at 8:12am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Initial jobless claims 229k (225k exp.) 226k previous

- U.S. Markit manufacturing PMI 55.7 (55.5 exp.) 55.3 previous

Event Calendar:

U.S. stocks tumbled and Treasuries rallied as investors shifted focus from the Federal Reserve to the threat of an escalating trade war with China that has the potential to disrupt global growth. Major U.S. equity benchmarks opened lower by more than 1 percent, with technology-heavy gauges falling more than 1.5 percent. President Donald Trump is set to announce about $50 billion of tariffs against China Thursday, according a person familiar with the matter, sparking speculation that the Asian nation will hit back. The 10-year Treasury yield slid toward 2.8 percent while the yen increased as investors sought safe havens. Currently, the TSX is down 0.67% and the DOW is down 1.04%. EURCAD is down 0.02% trading between 1.5839 and 1.5956. GBPCAD is down 0.06% trading between 1.8178 and 1.8284. JPYCAD is up 0.69% trading between 0.01214 and 0.01225. Gold is down 0.93% trading between $1,327 and $1,335USD/oz., silver is down 0.78% trading between $16.42 and $16.61USD/oz., while oil is down 1.15% trading between $64.43 and $65.44.

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