Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 7, 2018

USDCAD spot rate: 1.2860 - 1.2865 (as at 8:04am PST)

Ranges:

Asia:

1.2839

to

1.2875

Europe:

1.2858

to

1.2892

North America:

1.2856

to

1.2870

Technical Support / Resistance:

S2

S1

R1

R2

1.2750

1.2800

1.2926

1.2975

Key Economic Data Releases:

- No major data releases

Event Calendar:

Date

Canada

U.S.A.

May 8

May 9

May 10

May 11

Housing starts

Building permits

New housing price index

Net employment change, unemployment %

Producer price index

Consumer price index

Consumer sentiment index

U.S. stocks extended gains following a rally in Europe and oil rose past $70 a barrel as traders braced for renewed U.S. sanctions on Iran. The S&P 500 advanced for a 2nd day, led by energy and tech stocks. The Stoxx Europe 600 Index climbed, though trading volumes in the region were lighter than usual thanks to a holiday in the U.K. In Asia, shares rose in Australia and Shanghai. The yen fell as Japanese traders returned from holidays, while the EUR also weakened. Ten-year Treasury yields fluctuated near 2.95%. Currently, the TSX is up 0.68% and the DOW is up 0.57%. EURCAD is down 0.20% trading between 1.5331 and 1.5388. GBPCAD is up 0.37% trading between 1.7385 and 1.7453. JPYCAD is up 0.07% trading between 0.01176 and 0.01181. Gold is down 0.04% trading between $1,310 and $1,319USD/oz., silver is down 0.24% trading between $16.40 and $16.58USD/oz., while oil is up 0.85% trading between $69.71 and $70.76.

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

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