Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 26, 2017
USDCAD spot rate: 1.3240 - 1.3245 (as at 8:10am PST)
| Ranges: | Asia: | 1.3239 | to | 1.3266 |
| Europe: | 1.3211 | to | 1.3261 | |
| North America: | 1.3225 | to | 1.3247 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.3155 | 1.3195 | 1.3292 | 1.3349 |
Key Economic Data Releases:
- U.S. durable goods orders: -1.1% (exp -0.6% / prev -0.8%)
Key Event Calendar:
| Date | Canada | U.S.A. |
| June 27 June 28 June 29 June 30 | GDP, Raw materials / industrial product price index | Consumer confidence Pending home sales, goods trade balance GDP Q1, GDP price index Personal income/spending, Chicago PMI, Michigan consumer sentiment index |
It is shaping up to be a busy period for the $5.1 trillion a day currency market which has speeches from five Federal Reserve policy makers to contend with, the likely highlight being Chair Janet Yellen's address tomorrow. U.S stocks struggled to keep up with global equities that started the week higher. The report on U.S. durable goods kicks off a string of economic data that may also drive momentum in financial markets, with key reports due on inflation, employment, manufacturing and housing from China to the U.S. Currently, the TSX is down 0.11% while the DOW is up 0.10%. EURCAD is up 0.22% trading between 1.4781 and 1.4865. GBPCAD is down 0.02% trading between 1.6828 and 1.6917. JPYCAD is up 0.34% trading between 0.01184 and 0.01192. Gold is down 0.92% trading between $1,236 and $1,258USD/oz., silver is down 0.62% trading between $16.27 and $16.74USD/oz., while oil is down 0.84% trading between $42.66 and $43.63.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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