Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 12, 2019

USDCAD spot rate: 1.3375 - 1.3380 (as at 7:27am PST)

Ranges:

Asia:

1.3394

to

1.3405

Europe:

1.3397

To

1.3417

North America:

1.3370

To

1.3402

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3370

1.3460

1.3515

Key Economic Data Releases:

- U.S. CPI 0.2% (0.2% exp.) 0.0% previous

Event Calendar:

Date

Canada

U.S.A.

Mar 13

Mar 14

Mar 15

New housing price index

Manufacturing shipments

Durable goods orders, producer price index

New home sales

Industrial production, consumer sentiment

Most U.S. stocks edged higher and the dollar slipped on speculation an unexpectedly weak inflation reading will give the Federal Reserve room to stay patient on rate hikes. The pound retreated ahead of a key Brexit vote Tuesday. The S&P 500 added to its best advance since January, with major media shares leading gains. Boeing again weighed on the measure, as more countries closed air space to the 737 Max plane. The company's shares lost 2.8 percent. The dollar fell and 10-year Treasury yields turned negative after core inflation cooled. The pound slumped and U.K. bonds pared a drop after the chances lawmakers approving a Brexit deal lessened. Crude oil climbed after Saudi Arabia was said to extend deep supply cuts.

Currently, the TSX is up 0.19% and the DJIA is down 0.21%. EURCAD is up 0.10% trading between 1.5073 and 1.5123. GBPCAD is down 1.03% trading between 1.7441 and 1.7751. JPYCAD is up 0.33% trading between 0.01201 and 0.01204. Gold is up 0.32% trading between $1,292 and $1,299USD/oz, silver is up 0.25% trading between $15.30 and $15.47USD/oz, while oil is up 0.78 trading between $56.87 and $57.47.

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

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