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

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