Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver April 27, 2018

USDCAD spot rate: 1.2865 - 1.2870 (as at 7:26am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. GDP Q1 annualized: 2.3% (exp 2.0% / prev 2.9%)

- U.S. GDP price index: 2.0% (exp 2.2% / prev 2.3%)

- U.S. consumer sentiment index: 98.8 (exp. 98.0 / prev 97.8)

Event Calendar:

Yesterday, USDCAD initially fell from 1.2860 down to 1.2820 before climbing to 1.2887. The pairing held in a 1.2865 / 1.2878 range for the balance of the session. Overnight, USDCAD tested Wednesday's 1.2900 high on the back of general USD strength after U.K. Q1 GDP data missed estimates (0.1% / exp 0.3% / prev 0.4%). USDCAD declined to session lows ahead of the U.S. Q1 GDP release. The data beat estimates although declined from the previous quarter. After a brief move to 1.2887, USDCAD is again pressuring session lows near 1.2860. The GBP is the worst performing currency after its GDP miss with GBPCAD declining nearly 2.5 cents to trade near 2 month lows. The CAD along with the AUD and the JPY are the best preforming currencies today. After trading near 8 year highs at 3.03% yesterday, U.S. 10 year yields have fallen to 2.96% today. Currently, the TSX is up 0.17% while the DJIA is down 0.13%. EURCAD is down 0.25% trading between 1.5529 and 1.5594 – near 3 month lows. GBPCAD is down 1.3% trading between 1.7698 and 1.7940 – near 2 month lows. JPYCAD is unchanged trading between 0.01175 and 0.01177 – near 3 month lows. Gold is up 0.31% trading between $1,315 and $1,323USD/oz., silver is down 0.37% trading between $16.45 and $16.56USD/oz., while oil is down 0.23% trading between $67.65 and $68.16.

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