Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver September 18, 2018

USDCAD spot rate: 1.2990 - 1.2995 (as at7:14am PST)

Ranges:

Asia:

1.3026

to

1.3064

Europe:

1.3005

to

1.3036

North America:

1.2986

to

1.3021

Technical Support / Resistance:

S2

S1

R1

R2

1.2900

1.2980

1.3070

1.3110

Key Economic Data Releases:

-No Key data releases

Event Calendar:

Date

Canada

U.S.A.

Sept 18

Sept 19

Sept 20

Sept 21

Manufacturing shipments

Retail sales, CPI

Housing starts, building permits

Phil. Fed mfg. survey, existing home sales

Markit manufacturing / services PMI

Stocks reacted calmly to the latest exchange in the simmering trade war between the U.S. and China. The dollar retreated and oil gained. The S&P 500 Index rose at the start of trading Tuesday, led by energy and technology shares, even after Beijing responded to President Donald Trump's announcement of fresh levies by saying it will impose tariffs on $60 billion of U.S. goods starting this month. The tit-for-tat exchange represents an escalation of the protectionist dispute, although it will be months before the levies hit levels some investors have been preparing for. Currently, the TSX is up 0.14% and the DOW is up 0.31%. EURCAD is down 0.24% trading between 1.5195 and 1.5260. GBPCAD is down 0.27% trading between 1.7081 and 1.7172. JPYCAD is down 0.95% trading between 0.01157 and 0.01169. Gold is up 0.36% trading between $1,195 and $1,203USD/oz., silver is up 0.33% trading between $14.07 and $14.23USD/oz., while oil is up 2.05% trading between $68.52 and $70.40.

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

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