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)

Technical Support / Resistance:

Key Economic Data Releases:

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

Event Calendar:

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.