Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver January 8, 2019


USDCAD spot rate: 1.3290 - 1.3300 (as at 7:15am PST)

Ranges:

Asia:

1.3268

to

1.3309

Europe:

1.3270

to

1.3290

North America:

1.3280

to

1.3310

Technical Support / Resistance:

S2

S1

R1

R2

1.3250

1.3240

1.3350

1.3400

Key Economic Data Releases:

- Canadian Int'l Merchandise trade -2.06B (-1.95B exp.) -0.85B previous

Event Calendar:

Date

Canada

U.S.A.

Jan 9

Jan 10

Jan 11

BoC interest rate decision

Building permits, new housing price index

FOMC minutes

Initial jobless claims

Consumer price index

Stocks surged Tuesday after the Trump administration said there was progress coming out of its two-day mid-level trade talks with China. The dollar rose with Treasury yields, and crude climbed toward $50 a barrel on expectations the market will be tightened by OPEC's output cuts. All major U.S. equity benchmarks were higher. The S&P 500 was up nearly 1 percent while the Dow Jones Industrial Average leaped more than 250 points, as transportation stocks and automakers paced gainers.

Currently, the TSX is up 0.91% while the DOW is up 1.26%. EURCAD is down 0.21% trading between 1.5177 and 1.5264. GBPCAD is down 0.52% trading between 1.6901 and 1.7000. JPYCAD is down 0.57% trading between 0.01217 and 0.01225. Gold is down 0.30% trading between $1,279 and $1,290USD/oz, silver is down 0.26% trading between $15.50 and $15.69USD/oz., while oil is up 2.2% trading between $46.33 and $49.61.

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

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