Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 3, 2018

USDCAD spot rate: 1.2824 - 1.2829 (as at 9:00am PST)

Ranges:

Asia:

1.2807

to

1.2836

Europe:

1.2818

to

1.2845

North America:

1.2812

to

1.2841

Technical Support / Resistance:

S2

S1

R1

R2

1.2750

1.2800

1.2851

1.2900

Key Economic Data Releases:

- U.S. ADP employment change: 230K (exp 185K / prev 163K)

- U.S. ISM non-mfg PMI: 61.6 (exp 58.0 / prev 58.5)

Event Calendar:

Date

Canada

U.S.A.

Oct 4

Oct 5

Ivey PMI

Int'l merchandise trade, net employment change, unemployment rate

Non-farm payrolls, unemployment rate, average hourly earnings, trade balance

The S&P 500 Index headed for a record close as data on private payrolls and American service industries underscored the economy's robustness at the same time Federal Reserve Chairman Jerome Powell signaled no rush to raise rates with inflation in check. The 30-year yield popped to the highest since 2014, while the two-year rate surged to a pre-crisis high. European assets firmed on news the Italian government may rein in spending. U.S. investors have so far looked past European politics and emerging-market strains, along with a close call between a U.S. and a Chinese warship in the disputed South China Sea that added to tensions to instead focus on strong economic data. Powell welcomed wage growth but expressed confidence that low unemployment won't spur a takeoff in prices that forces more aggressive tightening. Currently, the TSX is up 0.13% while the DOW is up 0.49%. EURCAD is down 0.21% trading between 1.4768 and 1.4860. GBPCAD is up 0.12% trading between 1.6633 and 1.6702. JPYCAD is down 0.51% trading between 0.01122 and 0.01129. Gold is down 0.53% trading between $1,198 and $1,208USD/oz., silver is down 0.40% trading between $14.65 and $14.82USD/oz., while oil is up 0.41% trading between $75.08 and $75.82.

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

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