Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 16, 2018

USDCAD spot rate: 1.2796 - 1.2801 (as at 8:10am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. Housing starts: 1.287M (exp 1.310M / prev 1.336M)

- U.S. industrial production: 0.7% (exp 0.6% / prev 0.7%)

Event Calendar:

U.S. stocks fluctuated with Treasuries as geopolitical and monetary policy continue to dominate the global market agenda. The S&P Index held near its average price for the past 100 days, with retail earnings providing more insight into the strength of the American consumer. The 10-year note yield slipped from a 7-year high hit Tuesday after retail sales data bolstered bets the Federal Reserve may step up its tightening plans. North Korea has expressed disappointment with U.S. goals for the June 12 summit in Singapore, describing its nuclear weapons as "one sided". The comments came after the regime abruptly canceled talks with South Korea, citing military exercises. Markets in Seoul seem to have taken the apparent setback in stride, with the KOSPI index closing higher as investors view the comments as a negotiating tactic ahead of the landmark meeting. Currently, the TSX is down 0.13% and the DOW is up 0.15%. EURCAD is down 0.79% trading between 1.5078 and 1.5227. GBPCAD is down 0.69% trading between 1.7234 and 1.7381. JPYCAD is down 0.86% trading between 0.01159 and 0.01167. Gold is down 0.35% trading between $1,286 and $1,296USD/oz., silver is down 0.02% trading between $16.18 and $16.34USD/oz., while oil is down 0.21% trading between $70.67 and $71.34.

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