Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver May 22, 2019


USDCAD spot rate: 1.3407 - 1.3412 (as at 8:06am PST)

Ranges:

Asia:

1.3394

to

1.3417

Europe:

1.3357

to

1.3400

North America:

1.3385

to

1.3414

Technical Support / Resistance:

S2

S1

R1

R2

1.3300

1.3350

1.3450

1.3500

Key Economic Data Releases:

- Canadian retail sales: 1.1% (exp 1.0% / prev 1.0%)

- U.S. FOMC meeting minutes: 11am

Event Calendar:

Date

Canada

U.S.A.

May 23

May 24

Wholesale sales

Markit Mfg. / services PMI, new home sales

Durable goods orders

Most U.S. stocks declined on news that the White House was prepared to target more technology firms in its trade wrangling with Beijing, while U.S. Treasury Secretary Steven Mnuchin said President Donald Trump is likely to meet with his Chinese counterpart at the end of June. The S&P 500 Index opened lower after reports that the White House was considering blacklisting China's video-surveillance firms. But Mnuchin's remarks Wednesday may help fuel optimism that trade talks can still bear fruit. Meanwhile, energy shares slid along with crude futures after the EIA reports an unexpected buildup in U.S. oil and gasoline stockpiles. Debt and equity markets continue to run hot and cold as investors react to the near-daily salvos in the U.S.-China trade conflict, trying to size up how much damage they will bring to growth and supply chains. Investors will have more data to chew on after the release of the minutes from the Federal Open Market Committee's April 30-May 1 meeting. Currently, the TSX is down 0.44% while the DJIA is down 0.31%. EURCAD is down 0.02% trading between 1.4921 and 1.4973. GBPCAD is down 0.30% trading between 1.6900 and 1.7050. JPYCAD is up 0.28% trading between 0.01210 and 0.01215. Gold is up 0.08% trading between $1,272 and $1,277USD/oz, silver is up 0.09% trading between $14.39 and $14.49USD/oz, while oil (WTI crude) is down 1.91% trading between $61.68 and $62.83.

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