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

USDCAD spot rate: 1.3160 - 1.3165 (as at 8:07am PST)

Ranges:

Asia:

1.3169

to

1.3200

Europe:

1.3149

to

1.3197

North America:

1.3154

to

1.3176

Technical Support / Resistance:

S2

S1

R1

R2

1.3075

1.3130

1.3217

1.3270

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Sept 11

Sept 12

Sept 13

Sept 14

Housing starts

New housing price index

Producer price index

CPI

Retail sales, industrial production

Stocks pared earlier gains as shares of Apple and Asia-based suppliers slumped after President Donald Trump insisted his trade war with China will spur more manufacturing jobs in the U.S. The S&P 500 opened higher, breaking a four-day slide, before pulling back from the day's highs. The Stoxx Europe 600 Index fluctuated in early trading before finding its feet as Italy's benchmark surged, buoyed by official government comments over the weekend that the country's impending budget will be pragmatic and within EU fiscal rules. Emerging-market shares slid. Equities sank in Shanghai and Hong Kong, with the latter's benchmark nearing a bear market in the wake of Trump's weekend threat to step up his trade showdown with China. The pound jumped after European Union chief Brexit negotiator Michel Barnier said a deal with the U.K. is "realistic" and "possible" within eight weeks. Worries from the trade ructions to emerging-market turmoil continue to mar the outlook for global equities, with the infection even spreading to U.S. stocks in last week's holiday-shortened trading. Trump's signal that he's ready to target a sum of goods equal to virtually all imports from China came as data showed a healthy American labor market with signs of wage inflation that could clear the way for two more Federal Reserve interest rate hikes this year. Currently, the TSX is up 0.22% and the DOW is up 0.16%. EURCAD is up 0.55% trading between 1.5203 and 1.5292. GBPCAD is up 0.85% trading between 1.7010 and 1.7176. JPYCAD is down 0.84% trading between 0.01182 and 0.01188. Gold is up 0.12% trading between $1,190 and $1,198USD/oz., silver is up 0.31% trading between $14.07 and $14.24USD/oz., while oil is up 0.44% trading between $67.90 and $68.50.

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

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