Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 6, 2017

USDCAD spot rate: 1.3470 - 1.3475 (as at 8:03am PST)

Ranges:

Asia:

1.3443

to

1.3483

Europe:

1.3448

to

1.3480

North America:

1.3456

to

1.3487

Technical Support / Resistance:

S2

S1

R1

R2

1.3405

1.3440

1.3490

1.3540

Key Economic Data Releases:

- Canadian Ivey PMI 53.8 (62.0 exp.) 62.4 previous

Key Event Calendar:

Date

Canada

U.S.A.

June 7

June 8

June 9

Building permits

Housing starts

Employment change

EIA crude oil inventories

Wholesale inventories

World stocks fell while safe-haven gold and German government bonds were in demand on Tuesday as tension in the Middle East, an election in Britain and upcoming testimony from the former head of the FBI pushed investors away from risky assets. European stocks fell early on Tuesday after leading Arab powers cut ties with Qatar the previous day, accusing it of supporting Islamist militants and Iran. Shares fell in U.S. and Asian trading on the back of concerns over politics either side of the Atlantic. On what is being called "Super Thursday," British voters will go to polls in an increasingly unpredictable general election, the European Central Bank is due to meet and later the same day former FBI director James Comey will testify before Congress. Currently, the TSX is down 0.25% while the DOW is down 0.19%. EURCAD is up 0.19% trading between 1.5125 and 1.5189. GBPCAD is down 0.07% trading between 1.7346 and 1.7415. JPYCAD is up 0.27% trading between 0.01219 and 0.01233. Gold is up 1.14% trading between $1,279 and $1,295USD/oz., silver is up 1.22% trading between $17.52 and $17.75USD/oz., while oil is down 0.35% trading between $46.96 and $47.72.

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

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