Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 1, 2018

USDCAD spot rate: 1.3085 – 1.3090 (as at 7:16am PST)

Ranges:

Asia:

1.3107

to

1.3135

Europe:

1.3108

to

1.3140

North America:

1.3123

to

1.3137

Technical Support / Resistance:

S2

S1

R1

R2

1.3015

1.3065

1.3170

1.3200

Key Economic Data Releases:

- Canada Markit mfg. index 53.9 54.8 previous

- U.S. Markit mfg.index 55.7 (55.9 exp.) 55.9 previou

- U.S. ISM mfg. index 57.7 (59.0 exp.) 59.8 previous

Event Calendar:

Date

Canada

U.S.A.

Nov 2

Net employment change, % rate, int'l merchandise trade

Non-farm payroll, unemployment rate, avg hourly earnings, trade balance

U.S. stock gains faded Thursday after a two-day rally, with investors assessing the latest manufacturing data and earnings before Apple reports after the close. The dollar fell the most since July. The S&P 500 clung to its first three-day gains since September as it seeks to bounce back from the worst month in seven years. Carmakers slumped as October sales figures rolled in. Industrial firms held gains after manufacturing data disappointed. DowDuPont rallied the most since 2015 after posting strong earnings. The dollar slipped from a 16-month high, as the 10-year Treasury yield hovered around 3.16 percent. Sterling surged as the Bank of England signaled a faster pace of interest-rate increases.Thursday after a two-day rally, with investors assessing the latest manufacturing data and earnings before Apple reports after the close. The dollar fell the most since July.The S&P 500 clung to its first three-day gains since September as it seeks to bounce back from the worst month in seven years. Carmakers slumped as October sales figures rolled in. Industrial firms held gains after manufacturing data disappointed. DowDuPont rallied the most since 2015 after posting strong earnings. The dollar slipped from a 16-month high, as the 10-year Treasury yield hovered around 3.16 percent. Sterling surged as the Bank of England signaled a faster pace of interest-rate increases. Currently, the TSX is up 0.41% while the DOW is up 0.05%. EURCAD is up 0.19% trading between 1.4881 and 1.4940. GBPCAD is up 0.60% trading between 1.6794 and 1.6940. JPYCAD is down 0.40% trading between 0.01158 and 0.01167. Gold is up 1.23% trading between $1,215 and $1,231USD/oz., silver is up 2.33% trading between $14.28 and $14.62USD/oz., while oil is down 0.26% trading between $64.66 and $65.38.

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

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