Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 12, 2018

USDCAD spot rate: 1.3330 - 1.3335 (as at 8:06am PST)

Ranges:

Asia:

1.3369

to

1.3393

Europe:

1.3339

to

1.3384

North America:

1.3330

to

1.3360

Technical Support / Resistance:

S2

S1

R1

R2

1.3250

1.3300

1.3412

1.3475

Key Economic Data Releases:

- U.S. CPI: 0.0% (exp 0.0% / prev 0.3%)

Event Calendar:

Date

Canada

U.S.A.

Dec 13

Dec 14

New housing price index

Retail sales, industrial production

U.S. stocks joined a global rally as the outlook for trade took a positive turn and confidence grew that the British prime minister will defeat a challenge to her leadership. Tech shares led the S&P 500 Index higher following gains in Europe and Asia after the chief financial officer of Huawei Technologies Co. was granted bail and President Donald Trump said he'd consider intervening in the case if it helps get a trade deal with China. Sentiment was bolstered by a report that Chinese officials are seeking to give foreign companies more access to local markets. U.S. banks underperformed, hovering near the lowest in three months. The British pound surged the most in a month and U.K. stocks climbed on speculation Theresa May will survive the vote of confidence. Treasuries and the dollar both remained lower on the day as a key measure of U.S. inflation picked up as expected in November. While developments on trade tends and Brexit have been at the forefront for investors, they're also keeping watch on the risk of a shutdown of parts of the U.S. government. Trump is at odds with Democratic leaders in Congress over funding for a border wall with Mexico. Currently, the TSX is up 1.14% while the DOW is up 1.32%. EURCAD is up 0.35% trading between 1.5134 and 1.5187. GBPCAD is up 0.95% trading between 1.6699 and 1.6882. JPYCAD is down 0.22% trading between 0.01176 and 0.01180. Gold is up 0.27% trading between $1,242 and $1,246USD/oz, silver is up 1.51% trading between $14.54 and $14.74USD/oz., while oil is up 0.38% trading between $51.71 and $52.80.

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

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