Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 22, 2018
USDCAD spot rate: 1.2770 - 1.2775 (as at 7:48am PST)
| Ranges: | Asia: | 1.2740 | to | 1.2751 |
| Europe: | 1.2772 | to | 1.2790 | |
| North America: | 1.2800 | to | 1.2800 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2700 | 1.2740 | 1.2800 | 1.2875 |
Key Economic Data Releases:
- Canada Wholesale sales 1.1% (0.6% exp.) -0.4% previous
Event Calendar:
| Date | Canada | U.S.A. |
| May 23 May 24 May 25 | Markit Mfg./services PMI, FOMC minutes Existing home sales, housing price index Durable goods orders, consumer sentiment index |
U.S. stocks surrendered earlier gains to trade mixed amid a further cooling of trade tensions after the Chinese government said it's planning to cut car tariffs by 15 percent. The dollar fell with Treasuries, and crude surged to the highest price since November 2014. The S&P 500 Index advanced, reaching the highest since March, while the Dow Jones Industrial Average and small-cap Russell 2000 Index fell. The Stoxx Europe 600 Index climbed and emerging-market shares advanced, ending a three-day losing streak. Currently, the TSX is up .27% while the DJIA is down 0.17%. EURCAD is up 0.25% trading between 1.5024 and 1.5119 . GBPCAD is up 0.15% trading between 1.7140 and 1.7243 . JPYCAD is up 0.50% trading between 0.01149 and 0.01154 . Gold is unchanged trading between $1,291 and $1,297USD/oz., silver is unchanged trading between $16.49 and $16.76USD/oz., while oil is up 0.20% trading between $71.75 and $72.56.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
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