Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 11, 2018

USDCAD spot rate: 1.3400 - 1.3405 (as at 7:13am PST)

Ranges:

Asia:

1.3390

to

1.3410

Europe:

1.3379

to

1.3421

North America:

1.3380

to

1.3407

Technical Support / Resistance:

S2

S1

R1

R2

1.3160

1.3241

1.3440

1.3490

Key Economic Data Releases:

- U.S. Producer price index 2.5% (2.5% exp.) 2.9% previous

Event Calendar:

Date

Canada

U.S.A.

Dec 12

Dec 13

Dec 14

New housing price index

CPI, Fed Powell speech

Retail sales, industrial production

North American equities rallied with European stocks on optimism about the prospects for success in American-Chinese trade talks. Tech shares and automakers led the S&P 500 Index higher after China was said to move toward cutting tariffs on U.S.-made cars. The Stoxx Europe 600 Index surged the most in eight months. The pound rallied as Prime Minister Theresa May asked European leaders to sweeten a Brexit deal, trimming some of its losses from a day earlier. The dollar was steady while Treasuries and core European bonds slipped. Currently, the TSX is up 1.48% while the DOW is up 1.17%. EURCAD is up 0.04% trading between 1.5180 and 1.5273. GBPCAD is up 0.07% trading between 1.6819 and 1.6953. JPYCAD is down 0.20% trading between 0.01181 and 0.01186. Gold is up 0.92% trading between $1,243 and $1,249USD/oz, silver is up 1.10% trading between $14.52 and $14.71USD/oz., while oil is down 0.92% trading between $50.72 and $52.41.

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

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