Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 6, 2019



USDCAD spot rate: 1.3395 - 1.3400 (as at 7:22am PST)

Ranges:

Asia:

1.3410

To

1.3430

Europe:

1.3420

To

1.3420

North America:

1.3382

To

1.3407

Technical Support / Resistance:

S2

S1

R1

R2

1.3323

1.3358

1.3452

1.3510

Key Economic Data Releases:

- U.S. Trade balance -50.8B (-50.7B exp.) -51.9B previous

- U.S. initial jobless claims 218k (215k exp.) 218k previous

- Canadian Int'l merchandise trade -0.996B (-2.8B exp.) -2.3B previous

Event Calendar:

Date

Canada

U.S.A.

June 7

Net employment change, unemployment %, Avg hourly wages

Non-farm payroll, unemployment rate, Avg hourly earnings

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump's tariffs even before negotiations with China unraveled and he threatened levies on Mexican goods.The deficit in goods and services shrank to $50.8 billion, nearly in line with economist estimates, from a revised $51.9 billion the prior month, according to a Commerce Department report Thursday. The merchandise-trade gap with China increased to $29.4 billion while the Mexico deficit narrowed to $7.9 billion. Meanwhile, Canada's Trade Gap came in at six month low as Exporters rebounded. Currently, the TSX is up 0.09% and the DJIA is up 0.13%. EURCAD is up 0.17% trading between 1.5026 and 1.5147. GBPCAD is up 0.01% trading between 1.6990 and 1.7068. JPYCAD is down 0.37% trading between 0.01235 and 0.01241. Gold is up 0.36% trading between $1,327 and $1,338USD/oz, silver is up 0.71% trading between $14.75 and $15.00USD/oz, while oil (WTI crude) is up 0.21% trading between $51.44 and $52.24.

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