Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 21, 2019

USDCAD spot rate: 1.3345 - 1.3350 (as at 7:14am PST)

Ranges:

Asia:

1.3277

to

1.3308

Europe:

1.3300

to

1.3323

North America:

1.3302

to

1.3355

Technical Support / Resistance:

S2

S1

R1

R2

1.3225

1.3277

1.3372

1.3420

Key Economic Data Releases:

- U.S. initial jobless claims 221k (225k exp.) 230k previous

- Phil Fed mfg. survey 13.7 (4.5 exp.) -4.1 previous

Event Calendar:

Date

Canada

U.S.A.

Mar 22

Retail sales, CPI

Markit mfg / services purchasing managers index

Government bond yields retreated while U.S. equities fluctuated on Thursday as investors digested a dovish lurch by policy makers in the world's largest economy. The dollar rebounded after Wednesday's loss. The yield on 10-year Treasuries extended a drop from a day earlier, rates slumped across Europe and gold climbed as a cautious mood prevailed in the wake of this week's Federal Reserve meeting. While easier monetary policies in the U.S. at first glance look supportive for risk assets, most have already posted strong gains in 2019 and a dovish Fed was likely priced in. At the same time, the extent of the central bank's tilt has raised concern the outlook for growth may be weaker than thought. Treasury yields had already dropped amid worries about the global expansion in recent weeks -- they are now plumbing the lowest levels in more than a year. Currently, the TSX is up 0.05% and the DJIA is up 0.26%. EURCAD is up 0.07% trading between 1.5156 and 1.5206. GBPCAD is up 0.09% trading between 1.7466 and 1.7587. JPYCAD is up 0.49% trading between 0.01199 and 0.01208. Gold is down 0.21% trading between $1,311 and $1,320USD/oz, silver is down 0.25% trading between $15.46 and $15.63USD/oz, while oil is down 0.23% trading between $59.70 and $60.31.

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

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