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Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver July 5, 2018

USDCAD spot rate: 1.3130 - 1.3135 (as at 8:05am PST)

Ranges:

Asia:

1.3109

to

1.3162

Europe:

1.3130

To

1.3163

North America:

1.3135

to

1.3159

Technical Support / Resistance:

S2

S1

R1

R2

1.3050

1.3103

1.3199

1.3285

Key Economic Data Releases:

- FOMC minutes at 11am

- U.S. Initial jobless claims 231k (225k exp.) 228k previous

Event Calendar:

Date

Canada

U.S.A.

July 6

Ivey PMI, Net employment change, unemployment rate, Int'l trade balance

Non-farm payrolls, unemployment rate

Avg. hourly earnings, trade balance

U.S. stocks surged and Asian shares slid to a nine-month low as traders prepare for the implementation of fresh trade restrictions between America and China. European automakers drove the continent's equity markets higher on hopes of a trans-Atlantic tariff agreement. All major U.S. equity benchmarks were higher, with the Nasdaq indexes leading the market on strength in chipmakers. The dollar fell with Treasuries while the yuan held steady. Commodities were down slightly, as pressure hit those heavily exposed to international trade, with iron ore futures in Singapore hitting a seven month low. Currently, the TSX is down 0.27% and the DOW is up 0.54%. EURCAD is up 0.15% trading between 1.5310 and 1.5382. GBPCAD is down 0.17% trading between 1.7335 and 1.7443. JPYCAD is down 0.28% trading between 0.01185 and 0.01192. Gold is down 0.28% trading between $1,251 and $1,257USD/oz., silver is down 0.30% trading between $15.93 and $16.10USD/oz., while oil is down 0.55% trading between $73.67 and $74.80.

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

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