Daily foreign exchange rates for our top 10 currencies & Update #forex #Vancouver June 26, 2019

USDCAD spot rate: 1.3128 - 1.3133 (as at 8:13am PST)

Technical Support / Resistance:

Key Economic Data Releases:

- U.S. durable goods: -1.3% (exp -0.1% / prev -2.8%)

Event Calendar:

The USD has dropped this morning to its lowest level since Feb.27^th after a larger than expected draw in crude oil. The S&P 500 pared early gains as health-care shares and consumer staples weighed on benchmarks. Futures spiked overnight after CNBC report that Treasury Secretary Steven Mnuchin said a trade deal was 90% done. The report was corrected to indicate that the comments referred to May. Ten-year Treasury yields pushed above 2%, while oil rose to a 4-week high on supply concerns, and gold retreated. While the administration's trade comment revived risk appetite, a major breakthrough may not come during the weekend's meeting between Presidents Donald Trump and Xi Jinping. Trump once again threatened Wednesday substantial additional tariffs if a deal can't be reached. Meanwhile, many traders hope the Federal Reserve will mitigate any headwinds to global growth with deep cuts, though Fed member James Bullard made clear Tuesday that's not a given. Currently, the TSX is down 0.18% and the DJIA is up 0.24%. EURCAD is down 0.34% trading between 1.4920 and 1.4982. GBPCAD is down 0.39% trading between 1.6651 and 1.6730. JPYCAD is down 0.79% trading between 0.01219 and 0.01229. Gold is down 0.69% trading between $1,401 and $1,420USD/oz, silver is down 0.06% trading between $15.17 and $15.35USD/oz, while oil (WTI crude) is up 3.16% trading between $58.66 and $59.92.