Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver November 9, 2018

USDCAD spot rate: 1.3190 - 1.3195 (as at 7:14am PST)

Ranges:

Asia:

1.3108

to

1.3126

Europe:

1.3087

to

1.3108

North America:

1.3092

to

1.3113

Technical Support / Resistance:

S2

S1

R1

R2

1.3015

1.3140

1.3210

1.3270

Key Economic Data Releases:

- U.S. PPI 2.9% (2.5% exp.) 2.6% previous

Event Calendar:

Date

Canada

U.S.A.

Nov 12

Nov 13

Nov 14

Nov 15

Nov 16

Remembrance Day

Veteran's Day

CPI

Retail sales

Industrial production

U.S. stocks slumped as investors considered what a tumble in oil prices means for the economy. The dollar extended a gain and gold dropped after a report showed producer prices rose more than forecast in October.

Mexico's stock market fell for a second day and its bonds slid with the peso as investors grow concerned about the incoming president's plans for the economy. Europe's main equity gauge dropped after disappointing forecasts from Richemont and Thyssenkrup AG. Treasury yields edged lower after the Federal Reserve on Thursday reiterated its plan for "further gradual" rate increases. Currently, the TSX is down 0.64% and the DJIA is down 0.61%. EURCAD is up 0.20% trading between 1.4937 and 1.4988. GBPCAD is up 0.22% trading between 1.7135 and 1.7210. JPYCAD is up 0.35% trading between 0.01152 and 0.01159. Gold is down 0.96% trading between $1,209 and $1,223USD/oz., silver is down 1.80% trading between $14.15 and $14.44USD/oz., while oil is down 1.78% trading between $59.27 and $60.74.

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

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