Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 6, 2018

USDCAD spot rate: 1.3190 - 1.3195 (as at7:20am PST)

Ranges:

Asia:

1.3164

to

1.3195

Europe:

1.3167

to

1.3200

North America:

1.3169

to

1.3197

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3106

1.3224

1.3275

Key Economic Data Releases:

- Canada Building Permits -0.1% (1.3% exp.) -1.3% previous

- U.S. Initoial jobless claims 203k (214k exp.) 213 k previous

Event Calendar:

Date

Canada

U.S.A.

Sept 7

Net employment change, unemployment rate

Non-farm payrolls, Unemployment rate

U.S. stocks struggled to rebound from a two-day decline, as investors largely ignored the political turmoil gripping Washington to focus on data ahead of Friday's jobs report. Emerging market currencies stabilized.

The S&P 500 Index was little changed, while technology shares slipped after Wednesday's selloff as the threat of fresh tariffs by the Trump administration on Chinese goods loomed. The dollar fell and Treasuries edged higher after private jobs growth disappointed. The Brazilian real and South African rand helped lead a recovery in emerging market currencies, while the MSCI Emerging Markets Index of stocks headed for a seventh consecutive fall. Currently, the TSX is up 0.14% while the DOW is up 0.23%. EURCAD is up 0.11% trading between 1.5305 and 1.5355. GBPCAD is up 0.32% trading between 1.7080 and 1.7007. JPYCAD is up 0.55% trading between 0.01182 and 0.01186. Gold is up 0.76% trading between $1,196 and $1,207USD/oz., silver is up 0.61% trading between $14.14 and $14.30USD/oz., while oil is up 0.14% trading between $68.42 and $68.97.

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

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