Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 4, 2018

USDCAD spot rate: 1.2805 - 1.2810 (as at 8:32am PST)

Ranges:

Asia:

1.2773

to

1.2809

Europe:

1.2808

to

1.2849

North America:

1.2804

to

1.2837

Technical Support / Resistance:

S2

S1

R1

R2

1.2700

1.2763

1.2912

1.2975

Key Economic Data Releases:

- U.S. ADP employment change: 241k (exp 205k / prev 246k)

Event Calendar:

Date

Canada

U.S.A.

Apr.05

Apr.06

Imports, exports

Housing starts, Net change employment

Jobless claims

Unemployment rate

U.S. stocks pared losses, while haven demand eased as investors speculated that the final form of any Chinese tariffs might be less onerous than currently proposed. The S&P 500 Index cut its decline by almost two-thirds as representatives from China and the Trump administration left the door open for a negotiated solution. The proposals wouldn't take effect for months. Still, fear that tensions will escalate further hit specific sectors after China said it would levy 25% tariffs on some U.S. imports. Elsewhere inflation data from Europe rose to 1.4% in March, in line with economist expectations, further bolstering arguments for the ECB to phase out stimulus. Currently, the TSX is down 0.88% and the DOW is up 0.51%. EURCAD is up 0.32% trading between 1.5670 and 1.5797. GBPCAD is up 0.21% trading between 1.7972 and 1.8074. JPYCAD is up 0.66% trading between 0.01199 and 0.01210. Gold is up 0.26% trading between $1,331 and $1,348USD/oz., silver is down 0.85% trading between $16.24 and $16.53USD/oz., while oil is down 0.12% trading between $62.08 and $63.59.

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