Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 14, 2019

USDCAD spot rate: 1.3330 - 1.3335 (as at 7:19am PST)

Ranges:

Asia:

1.3238

to

1.3267

Europe:

1.3229

to

1.3277

North America:

1.3267

to

1.3335

Technical Support / Resistance:

S2

S1

R1

R2

1.3130

1.3188

1.3337

1.3370

Key Economic Data Releases:

- U.S. Retail sales -1.2% (0.2% exp.) 0.1% previous

- U.S. Initial jobless claims 239k (225k exp.) 235k previous

- U.S. PPI 2.0% (2.1% exp.) 2.5% previous

Event Calendar:

Date

Canada

U.S.A.

Feb 15

Industrial production, consumer sentiment index

U.S. stocks opened lower, Treasuries extended their advance and the dollar retreated after disappointing American retail sales data suggested the country's economic growth is slowing. The S&P 500 Index, Dow Jones Industrial Average and Nasdaq 100 all sank Thursday after the U.S. Commerce Department reported the the worst drop for retail sales in nine years, while initial jobless claims came in higher than estimated. Every sector on the S&P opened lower. Banks were among the hardest hit, as the 10-year Treasury yield sank below 2.65 percent. Defensive shares and companies with high dividend yields fell the least. Coca-Cola saw its biggest one-day loss in three years after selling fewer drinks in the Americas in the fourth quarter. The U.S. retail sales data for December -- which came out after a four-week delay due to the government shutdown -- may reinforce the expectation that the Federal Reserve will avoid raising rates this year.

Currently, the TSX is up 0.20% and the DOW is down 0.56%. EURCAD is up 0.76% trading between 1.4912 and 1.5061. GBPCAD is down 0.08% trading between 1.6971 and 1.7098. JPYCAD is up 0.55% trading between 0.01191 and 0.01205. Gold is up 0.36% trading between $1,302 and $1,312USD/oz, silver is down 0.33% trading between $15.49 and $15.69USD/oz, while oil is down 1.25% trading between $53.37 and $54.69.

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

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