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)

Technical Support / Resistance:

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:

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 2^nd 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