Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 12, 2018

USDCAD spot rate: 1.3006 - 1.3011 (as at 7:57am PST)

Ranges:

Asia:

1.3054

to

1.3080

Europe:

1.3024

to

1.3080

North America:

1.2996

to

1.3047

Technical Support / Resistance:

S2

S1

R1

R2

1.29

1.2950

1.3151

1.3200

Key Economic Data Releases:

- U.S. producer price index: -0.1% (exp 0.2% / prev 0.0%)

Event Calendar:

Date

Canada

U.S.A.

Sept 13

Sept 14

New housing price index

CPI

Retail sales, industrial production

A slide in technology shares sent most U.S. equities lower, while Europe's benchmark rose and Asian shares extended a losing streak as traders turned their focus to the outlook for monetary policy amid lingering worries for global trade. The information technology and financial sectors were the biggest losers in the S&P 500. Energy companies and miners were among the biggest winners in the Stoxx Europe 600 Index as the Bloomberg's Commodity Index rose. The MSCI Asia Pacific Index was on course for a 10th consecutive decline, the longest losing streak since 2002. Treasury yields eased and the dollar turned down after a softer-than-expected core producer-price inflation number crimped expectations for Federal Reserve tightening. Central banks are back in the spotlight this week. Market participants are watching for policy meetings scheduled for the European Central Bank and Bank of England, as well as Turkish and Russian central banks. Meanwhile, investors will be gauging the potential for extreme weather to disrupt economic activity, as threats from trade tension and Brexit negotiations linger. Currently, the TSX is down 0.41% and the DOW is up 0.10%. EURCAD is down 0.19% trading between 1.5100 and 1.5163. GBPCAD is down 0.41% trading between 1.6918 and 1.7027. JPYCAD is down 0.17% trading between 0.01167 and 0.01174. Gold is up 0.02% trading between $1,192 and $1,198USD/oz., silver is up 0.07% trading between $14.06 and $14.20USD/oz., while oil is up 2.25% trading between $69.50 and $70.96.

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

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