Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 17, 2018

USDCAD spot rate: 1.3025 - 1.3030 (as at 8:04am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada foreign invest in Cdn securities: $12.65B (exp $4.35B/ prev $10.30B)

- U.S. NY empire state mfg index: 19.0 (exp 23.0 / prev 25.6)

Event Calendar:

U.S. stocks started the week lower, while Asian equities slumped and European shares gained, as investors grappled with the latest American threats to expand tariffs on Chinese goods. The S&P 500 Index fell Monday morning, as did the Nasdaq 100, pulled down by declines in Amazon.com Inc. and JD.com Inc. Semiconductor stocks also weighed on indexes. The Dow Jones Industrial Average pulled out of an early-session swoon, boosted by energy firms and Caterpillar Inc. The outlook for global trade turned sour over the weekend. Shares in Hong Kong and China led declines in Asia on news that President Donald Trump instructed aides to proceed with tariffs on Chinese products. The U.S. will announce as early as Monday that it's imposing a 10 percent tariff on $200 billion of Chinese goods, which Beijing has already said it will retaliate against, according to three people familiar with the decision. Elsewhere, oil climbed, with investors eyeing the loss of supply from key OPEC members even as demand in emerging markets came under threat. Currently, the TSX is up 0.54% and the DOW is up 0.01%. EURCAD is up 0.44% trading between 1.5147 and 1.5223. GBPCAD is up 0.47% trading between 1.7041 and 1.7125. JPYCAD is unchanged trading between 0.01160 and 0.01164. Gold is up 0.86% trading between $1,192 and $1,204USD/oz., silver is up 1.33% trading between $14.02 and $14.24USD/oz., while oil is up 1.05% trading between $68.76 and $69.71.

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