Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 15, 2017

USDCAD spot rate: 1.3650 - 1.3655 (as at 8:10am PST)

Ranges:

Asia:

1.3624

to

1.3722

Europe:

1.3601

to

1.3658

North America:

1.3630

to

1.3661

Technical Support / Resistance:

S2

S1

R1

R2

1.3510

1.3569

1.3740

1.3790

Key Economic Data Releases:

- U.S. NY Empire state manufacturing index: -1.0 (exp 7.0 / prev 5.2)

Key Event Calendar:

Date

Canada

U.S.A.

May 16

May 17

May 18

May 19

Manufacturing sales

CPI, retail sales

Building permits, housing starts, industrial production

Crude oil inventories

Philly Fed manufacturing

Crude rallied on the prospect a deal to cut global supply will be extended, leading a broader advance across commodities and spurring the currencies of major exporters. U.S. stocks advanced toward records, while the dollar retreated. West Texas Intermediate jumped more than 3% after Saudi Arabia and Russia said they'd extend a production-cut deal longer than expected. Crude also got a boost from China's sweeping plan to boost global infrastructure, though data showed the country's factory output and investment slowed in April. Commodities have struggled for weeks as signs of a crude glut re-emerged and President Donald Trump struggled to get his infrastructure plan underway. Numbers on American retail sales and inflation also cast a shadow on growth. Currently, the TSX is up 0.66% while the DOW is up 0.35%. EURCAD is up 0.27% trading between 1.4900 and 1.5003. GBPCAD is down 0.07% trading between 1.7566 and 1.7681. JPYCAD is down 0.48% trading between 0.01199 and 0.01211. Gold is up 0.50% trading between $1,227 and $1,237USD/oz., silver is up 1.54% trading between $16.43 and $16.81USD/oz., while oil is up 2.74% trading between $47.78 and $49.63.

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

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