Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 23, 2018

USDCAD spot rate: 1.2827 - 1.2832 (as at 8:13am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- Canada wholesale sales: -0.8% (exp 0.5% / prev 0.3%)

- U.S. markit manufacturing PMI: 56.5 (exp 55.0 / prev 55.6)

- U.S. existing home sales: 5.60M (exp 55.5M / prev 5.54M)

Event Calendar:

The USD rallied at the start of a week packed with catalysts, from economic data to new debt supply, as the yield on the U.S. 10-year note hit 2.99% for the first time since 2014 before pairing the increase. The pound joined major currencies retreating against the USD as U.K. Prime Minister Theresa May battled to avert a cabinet revolt over Brexit. U.S. Treasury Secretary Steven Mnuchin said he's considering a trip to China, adding he is "cautiously optimistic" a deal can be reached that would bridge differences over trade. China's Ministry of Commerce said yesterday that it would welcome such a move. The apparent softening of positions comes as Chinese tech shares remain under pressure in the wake of U.S. sanctions against ZTE Corp announced last week. Elsewhere in trade, senior officials from the three NAFTA signatory countries are set to meet again in Washington as a push to reach an agreement in coming weeks intensifies. Currently, the TSX is up 0.44% while the DOW is down 0.09%. EURCAD is unchanged trading between 1.5620 and 1.5703. GBPCAD is up 0.15% trading between 1.7828 and 1.7918. JPYCAD is down 0.21% trading between 0.01180 and 0.01185. Gold is down 0.88% trading between $1,322 and $1,335USD/oz., silver is down 2.50% trading between $16.62 and $17.10USD/oz., while oil is down 1.14% trading between $67.15 and $68.44.

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