Daily Update

Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.

Canadian Dollar Update, December 2, 2020 – Canadian Dollar Riding Positive Risk Wave

USD/CAD Open: 1.2939-43, Overnight Range: 1.2916-1.2958 WTI Oil is at $45.46 and gold is at $1,832.30. US markets are lower today. For today, USD resistance is at 1.2949. Support is at 1.2916. • EURUSD consolidating recent gains • GBPUSD whip-sawing on Brexit rumours • US dollar opens with marginal gains The Canadian dollar made a […]

By KBFX | December 2, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 30, 2020 – Canadian Dollar Climbs

USD/CAD Open: 1.2959-63, Overnight Range: 1.2923-1.2995 WTI Oil is at $44.85 and gold is at $1,782.60. US markets are lower today. For today, USD resistance is at 1.3003. Support is at 1.2951. • Canadian dollar lifted by month end demand flows • Oil price slumps as OPEC meeting begins • US dollar ending the month […]

By KBFX | November 30, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 27, 2020 – Canadian Dollar Demand for Month-End

USD/CAD Open: 1.2990-94, Overnight Range: 1.2972-1.3024 WTI Oil is at $45.59 and gold is at $1,789.80. US markets are higher today. For today, USD resistance is at 1.3010. Support is at 1.2966. • Canadian dollar testing resistance, in part due to month-end demand • GBPUSD rangebound as Brexit talks continue • FX risk sentiment remains […]

By KBFX | November 27, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 26, 2020 – Canadian Dollar Ready to Scale new Heights

USD/CAD Open: 1.3006-10, Overnight Range: 1.2990-1.3022 WTI Oil is at $44.91 and gold is at $1,806.70. US markets are mixed today. For today, USD resistance is at 1.3032. Support is at 1.2990. • Canadian dollar appears poised for big rally • Global equity and FX markets were quiet overnight • US dollar still on defensive […]

By KBFX | November 26, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 25, 2020 – Canadian Dollar Rises with Crude Prices

USD/CAD Open: 1.3013-17, Overnight Range: 1.2990-1.3029 WTI Oil is at $45.54 and gold is at $1,809.60. US markets are mixed today. For today, USD resistance is at 1.3030. Support is at 1.2964. • Vaccine hopes fueling positive risk sentiment • Plenty of top-tier US data today • US dollar consolidating losses into thanksgiving holiday The […]

By KBFX | November 25, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 23, 2020 – Canadian Dollar Grinding Higher

USD/CAD Open: 1.3048-52, Overnight Range: 1.3045-1.3112 WTI Oil is at $43.05 and gold is at $1,835.30. US markets are higher today. For today, USD resistance is at 1.3101. Support is at 1.3074. • Higher oil prices support Canadian dollar • Risk sentiment improves with new vaccine data • GBPUSD climbs on Brexit deal hopes The […]

By KBFX | November 23, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update. November 20, 2020 – Canadian Dollar Gets Rating Agency Bump

USD/CAD Open: 1.3061-65, Overnight Range: 1.3039-1.3088 WTI Oil is at $41.82 and gold is at $1,873.40. US markets are mixed today. For today, USD resistance is at 1.3080. Support is at 1.3020. • Canada AAA at Moody’s • Brexit deal hopes underpin GBPUSD • New Housing and Retail Sales for Canada ahead The Canadian dollar […]

By KBFX | November 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 19, 2020 – Canadian Dollar Pressured by Poor Risk Sentiment

USD/CAD Open: 1.3112-16, Overnight Range: 1.3069-1.3123 WTI Oil is at $41.61 and gold is at $1,861.40. US markets are mixed today. For today, USD resistance is at 1.3130. Support is at 1.3042. • Rising COVID-19 cases spook markets • US weekly jobless claims on tap • US dollar grinds higher overnight The Canadian dollar has […]

By KBFX | November 19, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 18, 2020 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.3061-65, Overnight Range: 1.3040-1.3117 WTI Oil is at $41.95 and gold is at $1,880.00. US markets are higher today. For today, USD resistance is at 1.3097. Support is at 1.3010. • Canada October CPI ahead-forecast 0.2% m/m • Eurozone and UK data have limited impact on FX • US opens lower compared to […]

By KBFX | November 18, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 17, 2020 – Canadian Dollar Trades in Narrow Range

USD/CAD Open: 1.3067-71, Overnight Range: 1.3063-1.3116 WTI Oil is at $40.89 and gold is at $1,885.40. US markets are mixed today. For today, USD resistance is at 1.3133. Support is at 1.3078. • Positive risk sentiment starts to wane • EU/UK Brexit rumours support GBPUSD • US Retail Sales for sixth consecutive month The Canadian […]

By KBFX | November 17, 2020 | Daily Update | 0 comments Read more >