Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 20, 2018

USDCAD spot rate: 1.3290 - 1.3295 (as at 8:11am PST)

Ranges:

Asia:

1.3265

to

1.3312

Europe:

1.3273

to

1.3307

North America:

1.3281

to

1.3312

Technical Support / Resistance:

S2

S1

R1

R2

1.3190

1.3226

1.3340

1.3400

7Key Economic Data Releases:

- U.S. existing home sales: 5.43M (exp 5.52M / prev 5.45M)

Canada

U.S.A.

June 21

June 22

wholesale sales

Retail sales, consumer price index

Philly Fed mfg. index

Markit mfg. / services PMI

Stocks edged higher in the U.S. following gains in Europe and Asia as the panic surrounding a potential trade war showed signs of easing. Treasury yields edged higher as the dollar steadied and oil rallied. The S&P 500 Index and Stoxx Europe 600 both broke three-day losing streaks. Canada's benchmark equity gauge touched a record and emerging-market stocks, which have been hit hard by the trade concern, rose the most in two weeks. Oil jumped ahead of an OPEC gathering. The pound erased a drop to edge higher before a key Brexit vote. A sense of calm is returning to markets after President Donald Trump stepped up trade threats against China earlier in the week, proposing moves that economists reckon could cut as much as half a percentage point from the Asian nation's growth. Traders may well be siding with Goldman Sachs Chief Executive Officer Lloyd Blankfein, who characterized the escalation in rhetoric as simply a negotiating strategy. Currently, the TSX is up 0.46% and the DOW is down 0.19%. EURCAD is up 0.01% trading between 1.5340 and 1.5406. GBPCAD is up 0.19% trading between 1.7466 and 1.7543. JPYCAD is up 0.82% trading between 0.01204 and 0.01209. Gold is down 0.03% trading between $1,271 and $1,276USD/oz., silver is down 0.03% trading between $16.25 and $16.36USD/oz., while oil is up 1.05% trading between $64.80 and $66.13.

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

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