Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 3, 2018

USDCAD spot rate: 1.2830 - 1.2835 (as at 7:25am PST)

Ranges:

Asia:

1.2876

to

1.2922

Europe:

1.2862

to

1.2889

North America:

1.2823

to

1.2855

Technical Support / Resistance:

S2

S1

R1

R2

1.2800

1.2820

1.2950

1.3000

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

Apr.04

Apr.05

Apr.06

Imports, exports

Housing starts, Net change employment

ADP employment change

Jobless claims

Unemployment rate

U.S. stocks bounced back from Monday's selloff as the rout in technology selloff eased and car makers rallied on strong sales reports. Treasuries and gold retreated. The S&P 500 climbed from the lowest level since early February after closing below the 200-day moving average for the first time since the Brexit vote almost two years ago. General Motors jumped almost 4 percent, and Nvidia rallied 3 percent. The 10-year Treasury yield pushed above 2.76 percent, while the dollar was steady. The Stoxx Europe 600 Index headed for its first decline in four days as markets reopened after the long weekend. Investors sifted through the rubble of the latest selloff in U.S. shares, with some of the hardest hit stocks rising again on Tuesday. A host of issues still confront the market, from trade angst as President Donald Trump looks for a quick win on Nafta negotiations to concern that high-flying technology shares have further to retreat. Currently, the TSX is down 0.16% and the DOW is up 0.42%. EURCAD is down 0.04% trading between 1.5729 and 1.5888. GBPCAD is down 0.66% trading between 1.8008 and 1.8150. JPYCAD is down 0.78% trading between 0.01204 and 0.01221. Gold is down 0.31% trading between $1,333 and $1,342USD/oz., silver is down 0.84% trading between $16.43 and $16.61USD/oz., while oil is up 0.72% trading between $63.04 and $63.60.

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

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