Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver August 22, 2018

USDCAD spot rate: 1.3027 - 1.3032 (as at 8:04am PST)

Ranges:

Asia:

1.3013

to

1.3045

Europe:

1.3004

to

1.3043

North America:

1.3022

to

1.3043

Technical Support / Resistance:

S2

S1

R1

R2

1.2950

1.2995

1.3069

1.3125

Key Economic Data Releases:

- Canadian retail sales: -0.2% (exp 0.1% / prev 2.2%)

- U.S. existing home sales: 5.34M (5.40M / prev 5.38M)

- U.S. FOMC minutes: 11am

Event Calendar:

Date

Canada

U.S.A.

Aug 23

Aug 24

New home sales, Markit mfg./services PMI

Durable goods orders

U.S. stocks fluctuated, while USD declined as investors assessed the impact on financial markets from the latest legal drama engulfing Donald Trump's presidency. The S&P 500 Index was mixed in trading more than 15% below average after touching an all-time high Tuesday. Equities took a knock from Michael Cohen's guilty plea on campaign finance charges, though losses remain muted as the bull market became the longest on record. The greenback extended its longest losing streak in six months to a fifth day, as the euro rallied on data showing the biggest jump in wages in six years. The 10-year Treasury yield traded around 2.83% ahead of the release of Federal Reserve meeting minutes. While all eyes focused on the legal drama in Washington, U.S. stocks remained near records amid double-digit corporate profit growth. At the same time, benchmark Treasury yields have held below 3 percent even as the Fed remains on track to raise rates amid a strengthening economy. Add to the mix trade wars and turmoil in emerging markets. Some clarity could come from a meeting of central bankers on Friday in Jackson Hole, Wyoming. Currently, the TSX is up 0.43% and the DOW is down 0.06%. EURCAD is up 0.08% trading between 1.5053 and 1.5144. GBPCAD is up 0.01% trading between 1.6756 and 1.6851. JPYCAD is down 0.33% trading between 0.01177 and 0.01184. Gold is down 0.03% trading between $1,192 and $1,201USD/oz., silver is down 0.25% trading between $14.68 and $14.87USD/oz., while oil is up 2.28% trading between $65.99 and $67.59.

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

B90fe1ad36

Follow us




Follow us on Twitter @vbcefx


Disclaimer


The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.