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

USDCAD spot rate: 1.3485 - 1.3490 (as at 8:17am PST)

Ranges:

Asia:

1.3480

to

1.3511

Europe:

1.3477

to

1.3515

North America:

1.3485

to

1.3518

Technical Support / Resistance:

S2

S1

R1

R2

1.3400

1.3475

1.3520

1.3590

Key Economic Data Releases:

- U.S. ADP jobs data 253k (185k exp.) 174k previous

- U.S. Initial Jobless claims 248k (239k exp.) 235k previous

Key Event Calendar:

Date

Canada

U.S.A.

June 2

Trade balance

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

Oil prices rose on Thursday, lifting energy company shares, on expectations the United States will withdraw from a global pact to fight climate change, while China's yuan shrugged off weak factory data to hit a seven-month high against the dollar. Bank shares underperformed rising European stocks, after two major U.S. lenders warned on Wednesday that low market volatility would crimp trading revenue. Brent crude, the international benchmark for the oil market, rose off Wednesday's three-week lows in anticipation of the United States quitting the Paris accord. President Donald Trump is expected to announce his decision later on Thursday. Currently, the TSX is up 0.08% and the DOW is up 0.14%. EURCAD is down 0.13% trading between 1.5127 and 1.5191. GBPCAD is up 0.11% trading between 1.7305 and 1.7407. JPYCAD is down 0.49% trading between 0.01211 and 0.01218. Gold is down 0.31% trading between $1,261 and $1,270USD/oz., silver is down 0.10% trading between $17.02 and $17.38USD/oz., while oil is up 0.27% trading between $48.22 and $49.04.

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

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