Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 16, 2018

USDCAD spot rate: 1.3135 - 1.3140 (as at 7:20am PST)

Ranges:

Asia:

1.3114

to

1.3160

Europe:

1.3117

To

1.3143

North America:

1.3119

To

1.3163

Technical Support / Resistance:

S2

S1

R1

R2

1.3000

1.3050

1.3200

1.3265

Key Economic Data Releases:

- U.S. Housing Starts 0.9% (7.4% exp.) -12.9% previous

- U.S. Building permits 1.5% (1.4% exp.) -0.7% previous

- U.S. Initial Jobless Claims 212k (215k exp.) 214k previous

Event Calendar:

Date

Canada

U.S.A.

Aug 17

CPI, net int'l securities transactions

Consumer sentiment index

U.S. stocks surged Thursday after retail behemoth Walmart Inc. reported its best sales growth in more than a decade and China's Ministry of Commerce said it would hold talks with American officials to resolve the trade war between the two countries. The dollar fell for the first time in six days and Treasuries were steady.

The major equity benchmarks were up. The S&P 500 Index rose, led by telephone and financial shares, and the Dow Jones Industrial Average added more than 300 points, or 1.3 percent. Walmart gained the most in 10 years. Mining stocks and commodities rebounded from Wednesday's slide as silver and copper rallied. Gold bounced back slightly after hitting a 19-month low. Oil slipped below $64 a barrel.after retail behemoth Walmart Inc. reported its best sales growth in more than a decade and China's Ministry of Commerce said it would hold talks with American officials to resolve the trade war between the two countries. The dollar fell for the first time in six days and Treasuries were steady. The major equity benchmarks were up. The S&P 500 Index rose, led by telephone and financial shares, and the Dow Jones Industrial Average added more than 300 points, or 1.3 percent. Walmart gained the most in 10 years. Mining stocks and commodities rebounded from Wednesday's slide as silver and copper rallied. Gold bounced back slightly after hitting a 19-month low. Oil slipped below $64 a barrel. Currently, the TSX is up 0.87% and the DOW is up 1.27% EURCAD is up 0.49% trading between 1.4906 and 1.4987. GBPCAD is up 0.40% trading between 1.6655 and 1.6750. JPYCAD is down 0.03% trading between 0.01182 and 0.01189. Gold is up 0.29% trading between $1,160 and $1,182USD/oz., silver is up 1.78% trading between $14.33 and $14.77USD/oz., while oil is up 0.46% trading between $64.45 and $65.32.

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

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