Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 12, 2018

USDCAD spot rate: 1.2995 - 1.3000 (as at 7:22am PST)

Ranges:

Asia:

1.2984

to

1.3014

Europe:

1.2986

to

1.3017

North America:

1.2990

to

1.3019

Technical Support / Resistance:

S2

S1

R1

R2

1.2855

1.2930

1.3020

1.3050

Key Economic Data Releases:

- U.S. CPI 2.8% (2.7% exp.) 2.5% previous

Event Calendar:

Date

Canada

U.S.A.

June 13

June 14

June 15

New housing price index

Manufacturing shipments

PPI, Fed interest rate decision

Retail sales

Industrial production

The meeting between President Donald Trump and Kim Jong Un was met with a collective shrug by global markets, which appear to be more fixated on a host of macro events and data due in a few days. The S&P 500 Index rose slightly early Tuesday, while the Dow Jones Industrial Average slipped and yields on 10-year Treasuries pushed closer to the 3 percent threshold. Safe-haven assets edged lower as Trump and Kim signed a document pledging to work toward peace on the Korean peninsula. There was never much prospect of the summit triggering a large market reaction, except perhaps in the event of a shock outcome. A seemingly certain Federal Reserve rate increase on Wednesday, plus the prospect of a hawkish European Central Bank tilt on Thursday, tease far more concrete developments for traders. Tuesday's U.S. inflation figures -- which were in line with estimates -- may even reignite the four-hikes-in-2018 debate ahead of the Fed's decision. Currently, the TSX is down 0.12% and the DOW is down 0.08%. EURCAD is up 0.22% trading between 1.5259 and 1.5345. GBPCAD is up 0.05% trading between 1.7352 and 1.7439. JPYCAD is up 0.35% trading between 0.01176 and 0.01180. Gold is up 0.25% trading between $1,293 and $1,299USD/oz., silver is up 0.01% trading between $16.74 and $16.91USD/oz., while oil is up 0.77% trading between $65.88 and $66.59.

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

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