Daily Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver March 28, 2019

USDCAD spot rate: 1.3430 - 1.3435 (as at 7:13am PST)

Ranges:

Asia:

1.3401

to

1.3426

Europe:

1.3406

to

1.3439

North America:

1.3410

to

1.3440

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3350

1.3465

1.3500

Key Economic Data Releases:

- U.S. Initial jobless claims 211k (225k exp.) 216k previous

- U.S. GDP 1.9% (1.8% exp.) 2.0% previous

Event Calendar:

Date

Canada

U.S.A.

Mar 29

GDP (Jan)

Personal income/spending, Chicago PMI, consumer sentiment index, new home sales

U.S. stocks rose as the rally in Treasuries eased and investors looked to China for the latest developments in the standoff over trade. The dollar climbed.Consumer and technology companies led gains in the S&P 500 Index. Treasury 10-year yields rebounded from a 15-month low, while the greenback extended its advance into a third day. The pound slid after the U.K. Parliament rejected eight possible options for a new Brexit strategy. Traders are greeting the end of a strong quarter for risk assets amid mixed economic data. A report Thursday showed the world's largest economy cooled by more than initially reported in the last three months of 2018, signaling mounting challenges to the expansion as it nears a record duration. As U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal, analysts are saying investors shouldn't expect a major pact on China's yuan. Currently, the TSX is down 0.14% while the DJIA is up 0.17%. EURCAD is down 0.08% trading between 1.5048 and 1.5114. GBPCAD is down 0.41% trading between 1.7550 and 1.7694. JPYCAD is down 0.40% trading between 0.01211 and 0.01219. Gold is down 1.37% trading between $1,291 and $1,312USD/oz, silver is down 1.32% trading between $15.05 and $15.33USD/oz, while oil is down 0.76% trading between $58.21 and $59.32.

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

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