Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 14, 2018

USDCAD spot rate: 1.2765 - 1.2770 (as at 8:09am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- no major data releases

Event Calendar:

U.S. stocks edged higher as trade tensions between the world's 2 biggest economies showed signs of abating over the weekend. Chinese Vice Premier Liu He will travel to the U.S. on Tuesday for trade talks with Treasury Secretary Steve Mnuchin. The USD slipped and the 10-year Treasury yield pushed toward 3%. The S&P Index climbed as technology shares paced gains after President Trump made a major reversal on an earlier move to block telecom equipment maker ZTE Corp from its U.S. suppliers. The EUR jumped and German 10-year yields touched their highest level this month after a senior European Central Bank official said the first rate hike could come quarters, not years after the end of asset purchases. Currently, the TSX is up 0.70% and the DOW is up 0.54%. EURCAD is unchanged trading between 1.5270 and 1.5314. GBPCAD is up 0.14% trading between 1.7313 and 1.7374. JPYCAD is down 0.25% trading between 0.01164 and 0.01169. Gold is up 0.15 trading between $1,318 and $1,322USD/oz., silver is up 0.23% trading between $16.58 and $16.73USD/oz., while oil is down 0.28% trading between $70.28 and $71.24.

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