Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver October 4, 2018

USDCAD spot rate: 1.2870 - 1.2875 (as at 9:00am PST)

Ranges:

Asia:

1.2872

to

1.2883

Europe:

1.2862

to

1.2888

North America:

1.2862

to

1.2886

Technical Support / Resistance:

S2

S1

R1

R2

1.2750

1.2800

1.2890

1.2950

Key Economic Data Releases:

- U.S. initial jobless claims 207k (213k exp.) 215k previous

- Canadian Ivey PMI 50.4 (62.3 exp.) 61.9 previous

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 sell-off in U.S. Treasuries eased, though 10-year rates pushed to levels last seen in 2011. The dollar fell versus the euro and yen, while American stocks retreated. The benchmark Treasury yield poked above 3.2 percent for the first time in seven years before pulling back. The rout that started Wednesday sent European government bonds lower, while the surge in yields weighed on other assets. The S&P 500 slipped along with the Stoxx Europe 600 and MSCI Asia Pacific gauges. Emerging-market shares were hit particularly hard. The greenback advanced a sixth day, though the Bloomberg dollar index gave back most of the advance. The Turkish lira led developing-nation currencies lower, closely followed by the ruble as Dutch authorities said they expelled four Russian agents after a hacking attempt. Currently, the TSX is down 0.13% while the DOW is down 0.43%. EURCAD is up 0.31% trading between 1.4761 and 1.4845. GBPCAD is up 0.52% trading between 1.6645 and 1.6763. JPYCAD is up 0.55% trading between 0.01124 and 0.01129. Gold is up 0.33% trading between $1,196 and $1,204USD/oz., silver is up 0.40% trading between $14.56 and $14.77USD/oz., while oil is down 1.21% trading between $75.46 and $76.47.

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

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