Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver February 25, 2019

USDCAD spot rate: 1.3176 - 1.3181 (as at 8:10am PST)

Ranges:

Asia:

1.3121

to

1.3146

Europe:

1.3112

to

1.3158

North America:

1.3141

to

1.3183

Technical Support / Resistance:

S2

S1

R1

R2

1.3035

1.3086

1.3215

1.3275

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Feb 26

Feb 27

Feb 28

Mar 1

CPI

GDP (Dec)

Housing starts, consumer confidence

Pending home sales, factory orders

GDP Q4, personal consumption expend

ISM mfg. index, personal income / spending

U.S. equities jumped to almost 4-month highs, tracking stock gains in Europe and Asia, after President Donald Trump postponed the date for boosting tariffs on Chinese imports, taken as a sign of progress in trade talks. Bonds fell and the dollar retreated. The S&P 500 and Dow Jones Industrial Average climbed to the highest levels since early November, while the trade headlines boosted carmakers in Europe, fueling an advance in the Stoxx European 600 Index. Also in focus this week will be a hearing from Federal Reserve Chairman Jerome Powell, where investors will get the latest read in monetary policy. Elsewhere, the pound was little changed versus the euro as U.K. Prime Minister Theresa May pushed back the deadline for Parliament to vote in her Brexit deal. Currently, the TSX is up 0.30% and the DOW is up 0.66%. EURCAD is up 0.48% trading between 1.4847 and 1.4965. GBPCAD is up 0.48% trading between 1.7133 and 1.7235. JPYCAD is up 0.16% trading between 0.01183 and 0.01188. Gold is up 0.10% trading between $1,325 and $1,332USD/oz, silver is up 0.21% trading between $15.85 and $16.00USD/oz, while oil is down 2.53% trading between $55.78 and $57.51.

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

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