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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 9, 2018

USDCAD spot rate: 1.3030 - 1.3035 (as at 7:15am PST)

Ranges:

Asia:

1.3000

to

1.3030

Europe:

1.3010

to

1.3047

North America:

1.3020

to

1.3037

Technical Support / Resistance:

S2

S1

R1

R2

1.2960

1.3004

1.3137

1.3190

Key Economic Data Releases:

- U.S. PPI 0.0% (0.2% exp.) 0.3% previous

- U.S. Initial Jobless Claims 213k (220k exp.) 219k previous

Event Calendar:

Date

Canada

U.S.A.

Aug 10

Net employment change

CPI

U.S. wholesale prices were unchanged in July as costs for services fell for the first time this year, a Labor Department report showed Thursday in Washington. The figures, which measure wholesale and other selling prices at businesses, indicate price pressures in the production pipeline were fairly contained at the start of the second half of 2018. While U.S. demand is rising, there's concern about higher materials costs and persistent uncertainty as the Trump administration imposes tariffs and other nations including China retaliate. The cost of goods rose 0.1 percent from June, bringing the annual increase to 4.5 percent -- the biggest gain since December 2011, the report showed. Services prices decreased 0.1 percent from the prior month, reflecting lower margins at wholesalers and retailers. Currently, the TSX is up 0.25% while the DOW is up 0.06%. EURCAD is down 0.05% trading between 1.5074 and 1.5120. GBPCAD is down 0.04% trading between 1.6725 and 1.6824. JPYCAD is up 0.34% trading between 0.01170 and 0.01175. Gold is up 0.29% trading between $1,210 and $1,215USD/oz., silver is up 0.55% trading between $15.37 and $15.51USD/oz., while oil is up 0.55% trading between $66.50 and $67.42.

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

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