Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 1, 2017

USDCAD spot rate: 1.3650 - 1.3655 (as at 8:06am PST)

Ranges:

Asia:

1.3637

to

1.3671

Europe:

1.3650

to

1.3687

North America:

1.3640

to

1.3678

Technical Support / Resistance:

S2

S1

R1

R2

1.3530

1.3622

1.3670

1.3700

Key Economic Data Releases:

- Canada RBC manufacturing PMI: 55.9 (prev 55.5)

- U.S. manufacturing PMI: 52.8 (exp 52.8 / prev 52.8)

- U.S. ISM manufacturing PMI: 54.8 (exp 56.5 / prev 57.2)

- U.S. core personal consumption expenditure price index: -0.1% (exp -0.1% / prev 0.2%)

- U.S. personal income: 0.2% (exp 0.3% / prev 0.3%) spending: 0% (exp 0.2% / prev 0.1%)

Key Event Calendar:

Date

Canada

U.S.A.

May 2

May 3

May 4

May 5

Trade balance

Net employment change, unemployment rate, Ivey PMI

ADP employment, ISM non-mfg, crude oil inventories, Fed interest rate decision

Trade balance

Non-farm payrolls, unemployment rate, Avg. hourly earnings

On Friday, USDCAD climbed from 1.3623 up to 1.3697 before falling back to 1.3640. Despite higher oil prices and a disappointing 1st quarter GDP result, the USD finished the week strongly – having gained as much as 3 cents vs. the CAD (Monday's low was 1.3410). Overnight, USDCAD climbed from 1.3637 in Asia to 1.3687 during the London session before falling back to 1.3640 this morning after U.S. data was softer than expected. The pairing has since bounced to 1.3678 but quickly eased back towards the 1.3650 level. Currently, the TSX and the DJIA are both unchanged on the day. EURCAD is up 0.45% trading between 1.4843 and 1.4938. GBPCAD is unchanged trading between 1.7631 and 1.7689. JPYCAD is unchanged trading between 0.01222 and 0.01228. Gold is down 0.18% trading between $1,262 and $1,271USD/oz., silver is down 1.14% trading between $17.04 and $17.26USD/oz., while oil is down 1.38% trading between $48.61 and $49.29.

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