Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 18, 2018

USDCAD spot rate: 1.3210 - 1.3215 (as at 8:12am PST)

Ranges:

Asia:

1.3190

to

1.3247

Europe:

1.3225

to

1.3261

North America:

1.3228

to

1.3253

Technical Support / Resistance:

S2

S1

R1

R2

1.3100

1.3154

1.3297

1.3350

Key Economic Data Releases:

- U.S. housing starts: 1.173M (exp 1.32M / prev 1.337M)

- U.S. building permits: 1.273M (exp 1.330M / prev 1.301M)

Event Calendar:

Date

Canada

U.S.A.

July 19

July 20

Retail sales, CPI

Philly Fed manufacturing survey

U.S. equities mostly edged lower as shares of slumping energy and technology companies offset gains in financials after Morgan Stanley earnings beat forecasts. European shares advanced after a mixed session in Asia. The Nasdaq dropped from a record high as Google parent Alphabet Inc faced a $5 billion fine. The USD strengthened as Federal Chairman Jerome Powell began a 2nd day of testimony before Congress on the U.S. economy after delivering an upbeat assessment Tuesday, helping spur declines in raw materials prices and emerging-market currencies. The greenback outperformed most of its major peers, helping push down an index of developing-nation currencies by the most in 2 weeks. China's yuan approached its weakest close in almost a year. The GBP slumped after U.K. inflation came in below expectations, while CPI for the euro zone matched forecasts. Currently, the TSX is down 0.12% while the DOW is up 0.12%. EURCAD is up 0.15% trading between 1.5369 and 1.5426. GBPCAD is down 0.23% trading between 1.7233 and 1.7346. JPYCAD is up 0.41% trading between 0.01167 and 0.01175. Gold is down 0.28% trading between $1,223 and $1,229USD/oz., silver is down 0.92% trading between $15.39 and $15.61USD/oz., while oil is down 0.91% trading between $67.06 and $67.84.

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

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