Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 31, 2017

USDCAD spot rate: 1.3506 - 1.3511 (as at 8:17am PST)

Ranges:

Asia:

1.3433

to

1.3467

Europe:

1.3436

to

1.3490

North America:

1.3485

to

1.3518

Technical Support / Resistance:

S2

S1

R1

R2

1.3380

1.3431

1.3550

1.3590

Key Economic Data Releases:

- Canada GDP: 3.7% (exp 3.9% / prev 2.7%)

- U.S. Chicago PMI: 55.2 (exp 57.0 / prev 58.3)

- U.S. pending home sales: -1.3% (exp 0.5% / prev -0.9%)

Key Event Calendar:

Date

Canada

U.S.A.

June 1

June 2

RBC manufacturing PMI

Trade balance

ADP employment change, ISM manufacturing

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

U.S. stocks fell as a decline in trading revenue at JPMorgan Chase & Co. sent bank shares into a tailspin. Treasuries rose and oil fell toward $48 a barrel. The S&P 500 Index pared a monthly gain as lenders lost 1.2% after JPMorgan said the revenue metric is down 15% so far in the 2nd quarter. Lenders have been under pressure as 10-year Treasury yields slumped to 2.20%. European equities erased gains. Crude extended losses amid doubts prolonged output cuts will clear a global surplus. The pound wobbled as the outcome of next week's U.K. election appeared increasingly uncertain. The pound moves are a reminder of the potential risks surrounding a series of national elections in Europe this year. Currently, the TSX is down 0.58% and the DOW is down 0.14%. EURCAD is up 0.83% trading between 1.5018 and 1.5188. GBPCAD is up 1.03% trading between 1.7175 and 1.7429. JPYCAD is up 0.49% trading between 0.01211 and 0.01221. Gold is up 0.31% trading between $1,259 and $1,268USD/oz., silver is down 0.10% trading between $17.24 and $17.41USD/oz., while oil is down 3.41% trading between $47.87 and $49.68.

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

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