Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 10 2019


VBCE Daily Foreign Exchange Update for Wednesday, April 10, 2019

USDCAD spot rate: 1.3330 - 1.3335 (as at 7:56am PST)

Ranges:

Asia:

1.3320

to

1.3339

Europe:

1.3318

to

1.3360

North America:

1.3333

to

1.3348

Technical Support / Resistance:

S2

S1

R1

R2

1.3250

1.3294

1.3400

1.3445

Key Economic Data Releases:

- U.S. Consumer price index: 1.9% (exp 1.8% / prev 1.5%)

- U.S. FOMA minutes: 11am

Event Calendar:

Date

Canada

U.S.A.

Apr 11

Apr 12

New housing price index

Producer price index

Consumer sentiment index

U.S. stocks edged higher, while Treasuries advanced as investors weighed key developments that continue to raise doubts about the strength of the global economy. The S&P 500 clung to a slight gain as an unexpectedly soft inflation reading potentially boosted the Federal Reserve's new wait-and-see approach to rate hikes. Minutes from the central bank's last policy meeting when it struck a freshly dovish tone are due today at 11am. Banking shares turned lower as heads of major lenders testified before a Congressional committee and the 10-year Treasury yield fell below 2.48%. The dollar gained versus the euro after the European Central Bank reiterated its warnings that global risks continue to batter the region's economy as it signaled no rate hikes for the rest of 2019. The pound advanced as the European Union looked likely to delay Brexit for up to a year at its emergency summit in Brussels. The weaker-than-expected inflation data heighten the attention that will be paid to the Fed's minutes, as investors try to gauge what it will take to budge the central bank out of its steady approach. But sentiment remains fragile after the ECB's and IMF's somber economic reports Tuesday, and amid an escalation of the U.S.-EU trade dispute while negotiations with China remain unsettled. Still, most see the world economy on a path of growth this year. Currently, the TSX is up 0.34% and the DJIA is down 0.5%. EURCAD is down 0.10% trading between 1.4988 and 1.5046. GBPCAD is up 0.18% trading between 1.7388 and 1.7469. JPYCAD is up 0.14% trading between 0.01197 and 0.01200. Gold is up 0.11% trading between $1,300 and $1,307USD/oz, silver is up 0.05% trading between $15.14 and $15.28USD/oz. Oil (WTI crude) is up 0.62% trading between $64.07 and $64.53.

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

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