Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 5, 2018

USDCAD spot rate: 1.3055 - 1.3060 (as at 7:18am PST)

Ranges:

Asia:

1.2914

to

1.2939

Europe:

1.2930

to

1.2988

North America:

1.2980

to

1.365

Technical Support / Resistance:

S2

S1

R1

R2

1.2820

1.2910

1.3075

1.3150

Key Economic Data Releases:

- U.S. ISM non-manufacturing index 58.6 (57.5 exp.) 56.8 previous

Event Calendar:

Date

Canada

U.S.A.

June 6

June 7

June 8

Int'l merchandise trade, Ivey PMI

Net employment change, unemployment rate, housing starts

Trade balance

Wholesale inventories

The global rally in risk assets that sent U.S. stocks to a 12-week high sputtered on Tuesday, with the S&P 500 struggling to push higher. Treasuries rose while Italian bonds fell. The outlook for global equities has taken an upward turn in recent sessions, not least because stronger-than-expected data from the U.S. showed the world's largest economy is in rude health. It's a relief to investors after weeks of turmoil, though with President Donald Trump stepping up his aggressive trade policies and populists poised to start governing in Italy, there remain plenty of reasons for caution. Currently, the TSX is up .38% while the DJIA is up 0.13%. EURCAD is up 0.75% trading between 1.5100 and 1.5231 . GBPCAD is up 1.19% trading between 1.7199 and 1.7430. JPYCAD is up 0.95% trading between 0.01175 and 0.01185 . Gold is down 0.08% trading between $1,290 and $1,294USD/oz., silver is up 0.06% trading between $16.36 and $16.46USD/oz., while oil is down 0.28% trading between $64.23 and $65.28.

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

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