Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 19, 2017

USDCAD spot rate: 1.3200 - 1.3205 (as at 8:06am PST)

Ranges:

Asia:

1.3212

to

1.3252

Europe:

1.3219

to

1.3259

North America:

1.3199

to

1.3237

Technical Support / Resistance:

S2

S1

R1

R2

1.3115

1.3165

1.3271

1.3325

Key Economic Data Releases:

- No data releases

Key Event Calendar:

Date

Canada

U.S.A.

June 20

June 21

June 22

June 23

Wholesale sales

Retail sales

CPI

Current account Q1

Existing home sales, crude oil inventories

Manufacturing PMI, services PMI, new home sales

President Emmanuel Macron's party and its allies won a comfortable majority in the French parliament, securing 350 out of 577 seats in yesterday's second-round vote. While the victory wasn't the landslide some polls had predicted, and turnout was a record low for the vote, it does bolster the young president's legislative agenda. The victory for the year-old movement sees much of the French old guard swept from parliament. Nearly a year after the United Kingdom voted to leave the European Union, negotiations began this morning on that divorce in Brussels with confusion remaining on what the U.K. wants from the breakup. The EU and U.K. teams have a lot of ground to cover, but they have at least agreed on a timetable for talks ahead of today's meeting, with the exit-deal basics due to be complete by December this year, before talks on future trading arrangements can begin. Currently, the TSX is up 0.60% and the DOW is up 0.48%. EURCAD is down 0.01% trading between 1.4719 and 1.4834. GBPCAD is down 0.24% trading between 1.6833 and 1.6963. JPYCAD is down 0.53% trading between 0.01186 and 0.01192. Gold is down 0.34% trading between $1,247 and $1,255USD/oz., silver is down 0.58% trading between $16.53 and $16.70USD/oz., while oil is up 0.44% trading between $44.48 and $45.03.

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

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