Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 15, 2019

USDCAD spot rate: 1.3343 - 1.3348 (as at 8:35am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada manufacturing shipments: 1.0% (exp 0.4% / prev -1.1%)

- U.S. NY Empire state manufacturing index: 3.7 (exp 10 / prev 8.8)

- U.S. industrial production: 0.1% (exp 0.4% / prev -0.4%)

- U.S. consumer sentiment index: 97.8 (exp 95.3 / prev 93.8)

Event Calendar:

Yesterday, USDCAD climbed from 1.3286 up to 1.3348 before falling back to 1.3313. The pairing would hold near 1.3320 – 1.3335 for the balance of the session. Overnight, the USD broadly declined taking USDCAD down towards Thursday's 2 week low. The move stalled at 1.3289 and USDCAD has been climbing through the London and early North American sessions. Oil prices had briefly broken above the $59 mark – a 4 month high but have since retreated. USDCAD broke above yesterday's high and traded to 1.3371 – a 4 day high before falling back to 1.3340. Most equity indices are trending higher again today while U.S. 10 year yields have fallen towards 14 month lows. Currently, the TSX is up 0.43% - near 6 month highs while the DJIA is down 0.17%. EURCAD is up 0.41% trading between 1.5045 and 1.5148 – near 1 week highs. GBPCAD is up 0.38% trading between 1.7556 and 1.7732 – near 10 month highs. JPYCAD and rebounded from near 3 month lows trading between 0.01190 and 0.01198. Gold is up 0.66% trading between $1,294 and $1,306USD/oz, silver is up 1% trading between $15.16 and $15.39USD/oz, while oil is down 0.60% after touching 4 month highs - trading between $58.04 and $59.25.

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