Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 30, 2017

USDCAD spot rate: 1.3475 - 1.3480 (as at 8:10am PST)

Ranges:

Asia:

1.3457

to

1.3480

Europe:

1.3459

to

1.3479

North America:

1.3469

to

1.3506

Technical Support / Resistance:

S2

S1

R1

R2

1.3380

1.3450

1.3510

1.3550

Key Economic Data Releases:

- U.S. personal spending .4% (.4% exp.) .3% previous

Key Event Calendar:

Date

Canada

U.S.A.

May 31

June 1

June 2

GDP (March, Q1)

RBC manufacturing PMI

Trade balance

Chicago PMI, pending home sales

ADP employment change, ISM manufacturing

Non-farm payrolls, unemployment rate, avg. hourly earnings, trade balance

European stocks fell and the euro slipped with most currencies against the US dollar after investors were reminded of a few of the challenges still faced by the world's biggest single market. Oil joined a wider selloff in commodities. A report that Greece could opt out of its next bailout payment sank to the euro, though it pared some of the drop after the government later issued a denial. Italian bonds continued to underperform as traders digest the prospect of an earlier-than-expected election. Currently, the TSX is down 0.07% and the DOW is down 0.11%. EURCAD is up 0.52% trading between 1.4970 and 1.5105. GBPCAD is up 0.52% trading between 1.7241 and 1.7361. JPYCAD is up 0.69% trading between 0.01209 and 0.01215. Gold is down 0.25% trading between $1,259 and $1,270USD/oz., silver is down 0.23% trading between $17.22 and $17.47USD/oz., while oil is down 1.69% trading between $49.06 and $50.03.

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

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