Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 21, 2018


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

Ranges:

Asia:

1.3018

to

1.3046

Europe:

1.3014

to

1.3034

North America:

1.3019

to

1.3045

Technical Support / Resistance:

S2

S1

R1

R2

1.2950

1.3000

1.3145

1.3200

Key Economic Data Releases:

- Canadian Wholesale Sales -0.8% (0.8% exp.) 0.9% previous

Event Calendar:

Date

Canada

U.S.A.

Aug 22

Aug 23

Aug 24

Retail sales

Existing home sales, FOMC minutes

New home sales, Markit mfg./services PMI

Durable goods orders

U.S. stocks rose and the dollar slipped as investors assess the latest developments in the trade war with China. The S&P 500 Index churned less than half a percentage point below an all-time high. President Donald Trump said he doesn't expect a breakthrough from low-level talks with China as both sides prepare to make billions of dollars in goods subject to tariffs. The dollar fell for a fourth day after Trump complained about the Federal Reserve's policies. The 10-year Treasury yield rose for the first time in three days. Currently, the TSX is up 0.37% and the DOW is up 0.37%. EURCAD is up 0.15% trading between 1.4962 and 1.5034. GBPCAD is up 0.38% trading between 1.6674 and 1.6774. JPYCAD is down 0.33% trading between 0.01179 and 0.01187. Gold is down 0.11% trading between $1,189 and $1,196USD/oz., silver is up 0.91% trading between $14.71 and $14.85USD/oz., while oil is up 1.47% trading between $65.32 and $66.50.

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

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