Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 7, 2018
USDCAD spot rate: 1.2985 - 1.2990 (as at 7:19am PST)
| Ranges: | Asia: | 1.2983 | to | 1.3007 |
| Europe: | 1.2980 | to | 1.2995 | |
| North America: | 1.2962 | to | 1.2997 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2920 | 1.2960 | 1.3040 | 1.3070 |
Key Economic Data Releases:
- No major data releases
Event Calendar:
| Date | Canada | U.S.A. |
| Aug 8 Aug 9 Aug 10 | Building permits Housing starts Net employment change | EIA crude oil stocks change Producer price index CPI |
Tech companies led gains in U.S. stocks on favorable earnings reports as Apple Inc.'s market value reached $1 trillion. The dollar climbed with oil. The Nasdaq Composite Index rose for a third day as Tesla Inc. and payments processor Square Inc. jumped after reporting second-quarter results. Exporters such as Boeing Co., 3M Co. and DowDuPont Inc. weighed on the Dow Jones Industrial Average after Donald Trump asked his trade representative to consider hiking tariffs on $200 billion of Chinese goods. European equities tracked declines in China spurred by renewed trade concerns. The dollar strengthened, while the pound dropped as the Bank of England's hawkish rhetoric failed to convince investors of a brighter economic outlook. Turkey's lira fell to a record as the U.S. imposed sanctions on its NATO ally over the imprisonment of an American pastor. Currently, the TSX is up 0.38% while the DJIA is up 0.58%. EURCAD is up 0.30% trading between 1.5005 and 1.5069 . GBPCAD is down 0.10% trading between 1.6790 and 1.6834 . JPYCAD is unchanged trading between 0.01165 and 0.01169 . Gold is up 0.21% trading between $1,207 and $1,216USD/oz., silver is up 0.11% trading between $15.30 and $15.49USD/oz., while oil is up 0.75% trading between $68.85 and $69.82.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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