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

USDCAD spot rate: 1.2995 - 1.3000 (as at 8:15am PST)

Ranges:

Asia:

1.2933

to

1.2963

Europe:

1.2941

to

1.2995

North America:

1.2976

to

1.3006

Technical Support / Resistance:

S2

S1

R1

R2

1.2875

1.2924

1.3050

1.3100

Key Economic Data Releases:

- Canada manufacturing shipments: -0.4% (exp -0.1% / prev 1.2%)

- U.S. housing starts: 1.201M (exp -0.281M / prev 5.987M)

- U.S building permits: 1.241M (exp 1.280M / prev 1.249M)

- U.S. FOMC mins: 11am

Event Calendar:

Date

Canada

U.S.A.

Oct 18

Oct 19

Retail sales, CPI

Philadelphia Fed manufacturing survey

Existing home sales

U.S. stocks fell as the week's second big serving of corporate earnings did much less to reassure bulls than yesterday's almost uniformly strong reports. The S&P 500 Index slid back below 2,800, heading for a second loss in three days. Ten-year Treasury yields remained in a tight range around 3.15 percent ahead of Federal Reserve meeting minutes, while the dollar rose the most in a week before a report expected Wednesday by the U.S. that could label China a currency manipulator. Oil touched below $70 a barrel after OPEC's secretary general said the market will remain well-supplied. The uneven batch of earnings reports rekindled concern that corporate profit growth may have peaked, with investors awaiting the latest Federal Reserve minutes for clues on rate policy. At the same time, the Trump administration is pressing its trade war with China, Brexit negotiations remain testy and Italian debt worries loom. Currently, the TSX is up 0.26% while the DOW is up 0.93%. EURCAD is down 0.33% trading between 1.4992 and 1.5058. GBPCAD is up 0.11% trading between 1.7063 and 1.7157. JPYCAD is down 0.72% trading between 0.01152 and 0.01161. Gold is up 0.39% trading between $1,225 and $1,232USD/oz., silver is up 0.57% trading between $14.61 and $14.85USD/oz., while oil is down 0.12% trading between $71.04 and $72.03.

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

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