Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 29, 2018
USDCAD spot rate: 1.3020 - 1.3025 (as at 8:11am PST)
| Ranges: | Asia: | 1.2967 | to | 1.3010 |
| Europe: | 1.3000 | to | 1.3046 | |
| North America: | 1.2992 | to | 1.3035 |
Technical Support / Resistance:
| S2 | S1 | R1 | R2 |
| 1.2825 | 1.2900 | 1.3050 | 1.3050 |
Key Economic Data Releases:
- No major releases
Event Calendar:
| Date | Canada | U.S.A. |
| May 30 May 31 June 1 | GDP Q1, Bank of Canada interest rate GDP(March) | ADP employment, GDP Q1 Non-farm payrolls, unemployment rate, avg. hourly earnings |
Stocks declined, while Treasuries and the dollar rallied as the escalating political crisis in Italy engulfed markets. The S&P 500 Index dropped for a third session, following the biggest decline since March in the Stoxx Europe 600 Index, as Italian political turmoil lead to gridlock and set the course for another election. The flight from risk began in Italy's bonds, with its 10-year yield spiking, leading the euro to slide against the dollar. That sent investors fleeing to safer assets, sending the Treasury benchmark yield below 2.9 percent and the yen rising. Currently, the TSX and the DJIA are down 0.49% and 0.59% respectively. EURCAD is down 0.15% trading between 1.4983 and 1.5110 . GBPCAD is down 0.20% trading between 1.7177 and 1.7301. JPYCAD is up 0.75% trading between 0.01187 and 0.01198. Gold is down 0.50% trading between $1,292 and $1,306USD/oz., silver is down 0.37% trading between $16.30 and $16.50USD/oz., while oil is down .72% trading between $66.31 and $67.33.
Sources: Reuters, Bloomberg, FXStreet, RBC Capital Markets, Bank of Canada, U.S. Federal Reserve, CNBC, Forexlive, CME Group
Follow us
Disclaimer
The information and opinions contained herein are gathered from sources which are thought to be reliable but the reader should not assume that the information and opinions are official or final. VBCE makes no warranty concerning the accuracy of the information and opinions, and accepts no liability for the consequences of any actions taken on the basis of the information and opinions provided. The content is for general information only and does not constitute in anyway giving financial advice.
