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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