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, August 6, 2020 – Canadian Dollar bounces off resistance

USD/CAD Open: 1.3269-73, Overnight Range: 1.3243-1.3323 WTI Oil is at $42.12 and gold is at $2,064.00. US markets are lower today. For today, USD resistance is at 1.3369. Support is at 1.3228. • Profit-taking ahead of employment data sinks commodity currencies • Bank of England leaves rates and policy unchanged • US dollar grinding higher […]

By KBFX | August 6, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 5, 2020 – Canadian Dollar soars

USD/CAD Open: 1.3249-53, Overnight Range: 1.3233-1.3331 WTI Oil is at $42.35 and gold is at $2.047.60. US markets are higher today. For today, USD resistance is at 1.3337. Support is at 1.3220. • Gold roars higher • US dollar under pressure from several fronts • EURUSD supported by Retail Sales data The Canadian dollar surged […]

By KBFX | August 5, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 4, 2020 – Canadian Dollar looking for direction

USD/CAD Open: 1.3376-80, Overnight Range: 1.3348-1.3420 WTI Oil is at $41.47 and gold is at $2,021.10. US markets are higher today. For today, USD resistance is at 1.3388. Support is at 1.3342. • Choppy US dollar trading due to US/China tensions • Falling US COVID-19 cases, overshadow delay of new US coronavirus relief package • […]

By KBFX | August 4, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 31, 2020 – Canadian Dollar strengthens, but is underperforming

USD/CAD Open: 1.3419-23, Overnight Range: 1.3372-1.3436 WTI Oil is at $39.72 and gold is at $1,985.30. US markets are mixed today. For today, USD resistance is at 1.3443. Support is at 1.3329. The Canadian dollar opened unchanged in Toronto, compared to yesterday’s close. EURUSD and GBPUSD rallied, but the Canadian dollar did not join the […]

By KBFX | July 31, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 30, 2020 – Canadian Dollar smacked as risk sentiment sours

USD/CAD Open: 1.3407-11 Overnight Range: 1.3330-1.3459 WTI Oil is at $39.97 and gold is at $1,940.50. US markets are mixed today. For today, USD resistance is at 1.3472. Support is at 1.3402. • FOMC confirms Fed’s dovish stance, minor tweaks to statement • German GDP plunge spooks risk markets • US opens with gains against […]

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

Canadian Dollar Update, July 29, 2020 – Canadian Dollar inching higher

USD/CAD Open: 1.3343-47, Overnight Range: 1.3340-1.3387 WTI Oil is at $41.43 and gold is at $1,943.60. US markets are higher today. For today, USD resistance is at 1.3386. Support is at 1.3313. • FOMC meeting expected to be a “non-event” • Global equity indexes are mixed, even as Shanghai Shenzhen CSI 300 index soars 2.4% […]

By KBFX | July 29, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 28, 2020 – Canadian Dollar can’t get past 75 cents

USD/CAD Open: 1.3383-87, Overnight Range: 1.3331-1.3407 WTI Oil is at $41.12 and gold is at $1,946.80. US markets are lower today. For today, USD resistance is at 1.3428. Support is at 1.3365. • Canadian dollar rally stalls at 75 cents (75 US cents = 1 Canadian dollar) • Gold prices retreat, after making another new […]

By KBFX | July 28, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 24, 2020 – Canadian Dollar rally stalls

USD/CAD Open: 1.3420-24, Overnight Range: 1.3377-1.3445 WTI Oil is at $41.08 and gold is at $1,899.50. US markets are lower today. For today, USD resistance is at 1.3458. Support is at 1.3389. • Canadian dollar rally side-swiped by fresh risk aversion sentiment • China orders closure of US consulate in Chengdu • US dollar gains […]

By KBFX | July 24, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 23, 2020 – Canadian Dollar attempting to break higher

USD/CAD Open: 1.3415-16, Overnight Range: 1.3371-1.3419 WTI Oil is at $41.68 and gold is at $1,872.40. US markets are higher today. For today, USD resistance is at 1.3407. Support is at 1.3362. • Canadian dollar approaching key resistance level • US dollar bears are in control as greenback remains on the defensive • US COVID-19 […]

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

Canadian Dollar Update, July 22, 2020 – Canadian Dollar struggles to rally

USD/CAD Open: 1.3452-56, Overnight Range: 1.3419-1.3483 WTI Oil is at $41.36 and gold is at $1,849.80 US markets are higher today. For today, USD resistance is at 1.3448. Support is at 1.3407. • US dollar bears are in control • Gold (XAUUSD) soaring on low global interest rates, COVID-19 risks, and geopolitical tensions • COVID-19 […]

By KBFX | July 22, 2020 | Daily Update | 0 comments Read more >