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

USDCAD spot rate: 1.3240 - 1.3245 (as at 7:15am PST)

Ranges:

Asia:

1.3223

to

1.3246

Europe:

1.3209

to

1.3250

North America:

1.3008

to

1.3248

Technical Support / Resistance:

S2

S1

R1

R2

1.3100

1.3150

1.3299

1.3350

Key Economic Data Releases:

-U.S. Initial jobless claims 216k (225k exp.) 233k previous

- CAD building permits 2.6% (-0.5% exp.) -0.4% previous

Event Calendar:

Date

Canada

U.S.A.

Jan 11

Consumer price index

U.S. stocks retreated as concerns about a retail sales slowdown triggered a plunge in consumer shares and investors weighed the consequences of political tensions in America with the partial government shutdown continuing. West Texas crude slipped below $52 a barrel after Wednesday's 5 percent increase, putting it on track for its first drop in two weeks. All major equity indexes were lower, with the S&P 500 Index dragged down by retailers and the consumer discretionary shares. Treasuries and the dollar rose slightly as U.S. filings for unemployment benefits fell to a four-week low.

Currently, the TSX is down 0.48% while the DOW is down 0.49%. EURCAD is up 0.02% trading between 1.5219 and 1.5305. GBPCAD is up 0.01% trading between 1.6816 and 1.6929. JPYCAD is up 0.39% trading between 0.01220 and 0.01227. Gold is down 0.96% trading between $1,289 and $1,299USD/oz, silver is down 0.48% trading between $15.63 and $15.78USD/oz., while oil is down 1.29% trading between $51.37 and $52.26.

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

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