Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 13, 2018

USDCAD spot rate: 1.2970 - 1.2975 (as at 7:56am PST)

Ranges:

Asia:

1.3010

to

1.3042

Europe:

1.2984

to

1.3048

North America:

1.2965

to

1.3002

Technical Support / Resistance:

S2

S1

R1

R2

1.2855

1.2930

1.3051

1.3100

Key Economic Data Releases:

- U.S. PPI: 0.5% (exp 0.3% / prev 0.1%)

- U.S. Fed interest rate decision:11am

Event Calendar:

Date

Canada

U.S.A.

June 14

June 15

New housing price index

Manufacturing shipments

Retail sales

Industrial production

U.S. equities edged higher ahead of Wednesday's Federal Reserve rate decision, while European stocks also gained. The USD slipped as benchmark Treasury yields held steady, and emerging-market currencies extended a drop. With the Fed is all but certain to raise rates by a quarter-point at the close of a two-day meeting Wednesday, the focus is on the outlook for future policy. An uptick in inflation has reignited some speculation there could be a total of four hikes in 2018. The European Central Bank will decide rates on Thursday -- no change is expected but investors will be braced for news on a potential end to the region's quantitative-easing program. The GBP weakened as Brexit battles rumbled on and inflation held steady. Italian bonds gained as the country's debt sale had strong demand. Earlier in Asia, Japanese shares rose as the yen dipped, while equities fell in Hong Kong and Australia. Chinese shares also retreated, with ZTE Corp plunging by its daily limit after it agreed to a $1 billion fine. Turkey's lira posted the largest decline among emerging market currencies as polls pointed to a close-run election. Currently, the TSX is up 0.08% and the DOW is up 0.01%. EURCAD is down 0.06% trading between 1.5268 and 1.5324. GBPCAD is down 0.28% trading between 1.7325 and 1.7417. JPYCAD is up 0.25% trading between 0.01174 and 0.01178. Gold is up 0.10% trading between $1,291 and $1,297USD/oz., silver is up 0.63% trading between $16.78 and $16.98USD/oz., while oil is up 0.28% trading between $65.84 and $66.70.

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

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