Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 8, 2017

USDCAD spot rate: 1.3495 - 1.3500 (as at 7:09am PST)

Ranges:

Asia:

1.3500

to

1.3520

Europe:

1.3485

to

1.3521

North America:

1.3488

to

1.3510

Technical Support / Resistance:

S2

S1

R1

R2

1.3400

1.3480

1.3525

1.3590

Key Economic Data Releases:

- Canadian Housing Starts 194.7k (205.0k exp.) 213.5k previous

- US Initial Jobless Claims 245k (240k exp.) 255k previous

Key Event Calendar:

Date

Canada

U.S.A.

June 9

Employment change

Wholesale inventories

European stocks inched higher and the euro and the pound nudged lower, as markets readied for a triple-dose of excitement – an ECB meeting, a British election and testimony by the ex-FBI chief fired by Donald Trump last month. Much has been made of the 'Triple Threat Thursday' but beyond the commentary on the outside risks from those events it was hard to see any real trepidation in prices. Currently, the TSX is up 0.04% while the DOW is up 0.05%. EURCAD is down 0.58% trading between 1.5122 and 1.5220. GBPCAD is down 0.52% trading between 1.7417 and 1.7535. JPYCAD is down 0.32% trading between 0.01223 and 0.01234. Gold is down 1.30% trading between $1,271 and $1,289USD/oz., silver is down 1.14% trading between $17.30 and $17.69USD/oz., while oil is up 0.35% trading between $45.24 and $46.15.

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

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