Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 28, 2018

USDCAD spot rate: 1.3290 - 1.3295 (as at 7:13am PST)

Ranges:

Asia:

1.3315

to

1.3325

Europe:

1.3320

to

1.3351

North America:

1.3275

to

1.3315

Technical Support / Resistance:

S2

S1

R1

R2

1.3200

1.3246

1.3366

1.3400

Key Economic Data Releases:

- U.S. GDP 2.0% (2.2% exp.) 2.2% previous

- U.S. initial jobless claims 227k ( 220k exp.) 218k previous

Event Calendar:

Date

Canada

U.S.A.

June 28

June 29

GDP, BOC business outlook survey

GDP (Q1 annualized)

Personal income / spending, Chicago PMI

U.S. stocks fluctuated near the lowest level in a month as investors continued to grapple with America's strategy toward Chinese trade and investment. Emerging-market assets had another miserable day, while Treasuries were steady and the dollar fell. The S&P 500 Index clung to the 2,700 level, a key line of defense for equity bulls in the past week. Small caps in the Russell 2000 turned negative for June. Walgreens Boots Alliance Inc., the Dow Jones Industrial Average's newest member, plunged after Amazon.com Inc. said it acquired an online pharmacy. European equities slumped and a gauge of developing-market stocks sank to the lowest level in 10 months. West Texas Intermediate crude held near $72.75 and China's yuan posted another drop. Currently, the TSX is down 0.40% and the DOW is down 0.06%. EURCAD is down 0.24% trading between 1.5369 and 1.5427. GBPCAD is down 0.72% trading between 1.7356 and 1.7489. JPYCAD is down 0.64% trading between 0.01203 and 0.01212. Gold is down 0.74 trading between $1,248 and $1,254USD/oz., silver is down 0.66% trading between $15.99 and $16.13USD/oz., while oil is down 0.33% trading between $72.30 and $72.94.

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

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