Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 24, 2018

USDCAD spot rate: 1.2905 - 1.2910 (as at 7:14am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. housing price index 0.1% (0.5% exp.) 0.6% previous

- U.S. initial jobless claims 234k (220k exp.) 223k previous

Event Calendar:

U.S. stocks turned lower after President Donald Trump said his planned June meeting with North Korea's leader won't take place. Treasuries extended gains and the dollar fell. The S&P 500 slipped to session lows after the Trump comment raised concern that geopolitical turmoil may upend the global growth story. Gold futures rose above $1,300 an ounce, while crude oil slumped. The 10-year Treasury rate fell to 2.97 percent. Currently, the TSX is up 0.21% while the DOW is down 0.57%. EURCAD is up 0.66% trading between 1.5024 and 1.5144. GBPCAD is up 0.42% trading between 1.7150 and 1.7300. JPYCAD is up 0.86% trading between 0.01168 and 0.01180. Gold is up 0.77 trading between $1,293 and $1,306USD/oz., silver is up 1.00% trading between $16.40 and $16.64USD/oz., while oil is down 1.44% trading between $70.54 and $71.82.

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