Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 5, 2017

USDCAD spot rate: 1.3000 - 1.3005 (as at 8:07am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. factory orders: -0.8% (exp -0.5% / prev -0.3%)

- U.S. FOMC minutes 11am

Key Event Calendar:

U.S. equities drifted lower after data on factory orders added to indications that American economic growth remains sluggish. The USD advanced as attention turned to central banks and the impending release of FOMC minutes at 11am today. Investors will be looking for clues as to the timing of the start of the reduction in the bank's $4.5 trillion balance sheet. Any mention of financial stability concerns, which may force the Fed's hand to continue tightening, will also be important for markets. Yesterday's rocket test by Kim Jong Un's regime has been confirmed as North Korea's first intercontinental ballistic missile, raising the possibility that the country could develop the capability to launch a direct nuclear attack on the U.S. The United Nations Security Council will hold an emergency meeting later today. Currently, the TSX is down 0.17% while the DOW is down 0.14%. EURCAD is up 0.36% trading between 1.4658 and 1.4746. GBPCAD is up 0.52% trading between 1.6689 and 1.6811. JPYCAD is up 0.54% trading between 0.01140 and 0.01149. Gold is down 0.14% trading between $1,217 and $1,228USD/oz., silver is down 0.75% trading between $15.89 and $16.22USD/oz., while oil is down 3.70% trading between $45.29 and $47.21.

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