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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 7, 2018

USDCAD spot rate: 1.2960 - 1.2965 (as at 7:11am PST)

Ranges:

Asia:

1.2934

to

1.2957

Europe:

1.2938

to

1.2967

North America:

1.2935

to

1.2968

Technical Support / Resistance:

S2

S1

R1

R2

1.2780

1.2832

1.3007

1.3075

Key Economic Data Releases:

- U.S. initial jobless claims 222k (225k exp.) 223k previous

Event Calendar:

Date

Canada

U.S.A.

June 8

Net employment change, unemployment rate, housing starts

Wholesale inventories

The S&P 500 nudged higher as U.S. equity markets fought to maintain the momentum from a record-breaking rally in tech shares. The euro gained for a fourth day. The Stoxx Europe 600 Index gave up its advance as the euro strengthened again and after disappointing data on euro-area exports and German factory orders. The common currency rose amid talk of an end to the European Central Bank's quantitative easing program. Earlier, shares rose from Tokyo to Sydney in the wake of another record finish for the Nasdaq, but gains in the gauge stalled on Thursday. The dollar slipped, while the Turkish lira jumped after the central bank raised interest rates by more than expected. Currently, the TSX is up 0.15% while the DOW is up 0.43%. EURCAD is up 0.19% trading between 1.5247 and 1.5338. GBPCAD is down 0.10% trading between 1.7325 and 1.7445. JPYCAD is up 0.44% trading between 0.01174 and 0.01179. Gold is down 0.36% trading between $1,294 and $1,303USD/oz., silver is up 0.73% trading between $16.63 and $16.89USD/oz., while oil is up 0.98% trading between $64.82 and $65.49.

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

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