Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 25, 2018

USDCAD spot rate: 1.3300 - 1.3305 (as at 8:00am PST)

Ranges:

Asia:

1.3276

to

1.3311

Europe:

1.3271

to

1.3319

North America:

1.3293

to

1.3321

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3246

1.3366

1.3400

Key Economic Data Releases:

- U.S. new home sales: 0.689M (exp 0.667M / prev 0.646M)

Event Calendar:

Date

Canada

U.S.A.

June 26

June 27

June 28

June 29

GDP, BOC business outlook survey

Home price indices, Rmd Fed mfg. index

Durable goods orders, pending home sales

GDP (Q1 annualized)

Personal income / spending, Chicago PMI

U.S. stocks slid to 3-week lows as President Donald Trump's threats of more trade protectionism against major partners were met with Chinese and European vows of retaliation, rattling global equities and sparking demand for the safety of bonds. The S&P 500 Index fell to the lowest since May, with technology shares leading declines on reports the U.S. Treasury Department plans to release fresh rules on Chinese investment in technology companies. The Dow Jones Industrial Average sank for the ninth time in 10 sessions with Boeing Co. and Caterpillar Inc again pacing losses. China and Europe warned the escalating trade war could trigger a global recession. The equity selling spread from Asia, where equities in Shanghai and Hong Kong declined despite China's central bank freeing up liquidity in the banking system. European shares also tumbled, with the Stoxx 600 Index down 1.5 percent. Political concerns hit Italian bonds and stocks after the nationalist League party won municipal elections. Emerging-market equities slid. U.S. crude pushed toward $69 a barrel. After an early surge, Turkey's lira swung between gains and losses as traders digested Recep Tayyip Erdogan election victory. Currently, the TSX is down 1.02% and the DOW is down 1.03%. EURCAD is up 0.51% trading between 1.5450 and 1.5559. GBPCAD is up 0.27% trading between 1.7570 and 1.7690. JPYCAD is up 0.29% trading between 0.01207 and 0.01215. Gold is down 0.22 trading between $1,264 and $1,272USD/oz., silver is down 0.67% trading between $16.28 and $16.49USD/oz., while oil is up 0.07% trading between $68.18 and $69.73.

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

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