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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