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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 23, 2018

USDCAD spot rate: 1.2886 - 1.2891 (as at 8:04am PST)

Ranges:

Asia:

1.2809

to

1.2893

Europe:

1.2851

to

1.2917

North America:

1.2861

to

1.2901

Technical Support / Resistance:

S2

S1

R1

R2

1.2740

1.2796

1.2962

1.30

Key Economic Data Releases:

- U.S. Markit Mfg: 56.5 (exp 56.5 / prev 56.5)

- U.S. Markit Services PMI: 55.7 (exp 55.0 / prev 54.9)

- U.S. FOMC minutes: 11am

Event Calendar:

Date

Canada

U.S.A.

May 24

May 25

Existing home sales, housing price index

Durable goods orders, consumer sentiment index

U.S. stocks edged lower following drops in Asia and Europe as data cast doubts on growth prospects for the euro area while political tensions increased in North Korea and Italy. Ten-year treasury yields briefly dipped below 3%, while the USD climbed. The S&P 500 Index slipped for a 2nd day after closing Monday at the highest level since March, while the Stoxx Europe 600 Index sank the most in 2 months as optimism over U.S.-China trade talks faded along with prospects for President Donald Trump's summit with North Korea's leader. Concerns over Turkey's financial stability drove the lira to a record low and weighed on emerging market assets. The yen jumped as traders sought havens. The EUR has fallen to a 6-month low and the GBP weakened as well. Currently, the TSX is down 0.01% while the DOW is down 0.47%. EURCAD is down 0.06% trading between 1.5050 and 1.5139. GBPCAD is down 0.02% trading between 1.7153 and 1.7258. JPYCAD is up 1.36% trading between 0.01155 and 0.01176. Gold is down 0.17 trading between $1,287 and $1,298USD/oz., silver is down 1.16% trading between $16.31 and $16.58USD/oz., while oil is down 1.24% trading between $71.20 and $72.20.

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

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