Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver December 13, 2018

USDCAD spot rate: 1.3375 - 1.3380 (as at 7:06am PST)

Ranges:

Asia:

1.3349

to

1.3373

Europe:

1.3343

to

1.3374

North America:

1.3360

to

1.3383

Technical Support / Resistance:

S2

S1

R1

R2

1.3250

1.3300

1.3412

1.3475

Key Economic Data Releases:

- U.S. Initial Jobless claims 206k (225k exp.) 233k previous

Event Calendar:

Date

Canada

U.S.A.

Dec 14

Retail sales, industrial production

U.S. equities gave up some early gains after an initial surge as investors weighed the latest trade developments between America and China. The euro fell and bonds rose as the European Central Bank confirmed an end to its asset-purchase program but sounded a cautious note on growth. The S&P 500 rose early Thursday following the news overnight that Chinese importers had resumed buying U.S. soybeans. Real estate and utilities led gainers, while financial shares slumped anew, sending the KBW Bank Index to its sixth retreat in seven sessions. Treasuries and the dollar edged higher as U.S. jobless claims came in below estimates. Currently, the TSX is up 0.54% while the DOW is up 0.32%. EURCAD is up 0.01% trading between 1.5156 and 1.5221. GBPCAD is up 0.25% trading between 1.6837 and 1.6955. JPYCAD is down 0.22% trading between 0.01175 and 0.01178. Gold is down 0.37% trading between $1,240 and $1,246USD/oz, silver is flat trading between $14.68 and $14.80USD/oz., while oil is down 0.78% trading between $50.37 and $51.56.

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

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