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, May 12, 2020 – Canadian Dollar climbs in early Toronto trading

USD/CAD Open: 1.4005-08, Overnight Range: 1.3972-1.4064 WTI Oil is at $25.29 and gold is at $1,712.40. US markets are mixed today. For today, USD resistance is at 1.4035. Support is at 1.3959. • Canadian dollar boosted by improved risk sentiment • Oil prices jumps after Saudis cut June production • FX traders are skittish as […]

By KBFX | May 12, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, May 11, 2020 – Canadian Dollar tracking Greenback moves

USD/CAD Open: 1.3976-80, Overnight Range: 1.3900-1.4014 WTI Oil is at $25.22 and gold is at $1,701.00. US markets are mixed today. For today, USD resistance is at 1.4036. Support is at 1.3952. • Canadian dollar unphased by Friday’s Canadian Employment Report • Oil price consolidation gives Canadian dollar a bit of support • FX markets […]

By KBFX | May 11, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update – Canadian Dollar grinding out gains-Employment report ahead

USD/CAD Open: 1.3942-46, Overnight Range: 1.3924-1.3988 WTI Oil is at $24.53 and gold is at $1,728.40. US markets are higher today. For today, USD resistance is at 1.3992. Support is at 1.3917. • Canada lost nearly 2 million jobs in April; Unemployment rate to climbs to 13% • UK holiday saps FX liquidity and volatility […]

By KBFX | May 8, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, May 7, 2020 – Canadian Dollar higher after choppy overnight session

USD/CAD Open: 1.4075-79, Overnight Range: 1.4016-1.4173 WTI Oil is at $25.64 and gold is at $1,699.70. US markets are higher today. For today, USD resistance is at 1.4112. Support is at 1.3956. • Canadian dollar recovers from Asia plunge • Bank of England leaves rates and QE unchanged • Better than expected China Exports data […]

By KBFX | May 7, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, May 6, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.4065-69, Overnight Range: 1.4022-1.4137 WTI Oil is at $23.46 and gold is at $1,694.00. US markets are mixed today. For today, USD resistance is at 1.4173. Support is at 1.4065. • EURUSD sinks after European Commission forecasts 2020 GDP to decline 7.7% • Traders biding time, awaiting BoE on Thursday, NFP on Friday […]

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

Canadian Dollar Update, May 5, 2020 – Canadian Dollar cooking with oil

USD/CAD Open: 1.4060-64, Overnight Range: 1.4007-1.4094 WTI Oil is at $24.14 and gold is at $1,708.80. US markets are higher today. For today, USD resistance is at 1.4082. Support is at 1.3978. • Surging oil prices lift Canadian dollar • US dollar opens in Toronto on a mixed note The Canadian dollar added to yesterday’s […]

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

Canadian Dollar Update, May 4, 2020 – Canadian Dollar pressure by new trade fears

USD/CAD Open: 1.4101-05, Overnight Range: 1.4051-1.4152 WTI Oil is at $19.35 and gold is at $1,714.30. US markets are lower today. For today, USD resistance is at 1.4149. Support is at 1.4023. • Trump warns China that Phase 1 deal could be cancelled • Positive risk sentiment underpinned by easing of lockdown restrictions • US […]

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

Canadian Dollar Update, May 1, 2020 – Canadian Dollar rally ends

USD/CAD Open: 1.4026-30 Overnight Range: 1.3928-1.4109 WTI Oil is at $19.39 and gold is at $1,703.00. US markets are lower today. For today, USD resistance is at 1.4148. Support is at 1.4052. • Risk sentiment turns negative • Oil price rally stalls • Canadian dollar technicals turn bearish suggesting further weakness ahead The Canadian dollar […]

By KBFX | May 1, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, April 30, 2020 – Canadian Dollar gains on month-end demand

USD/CAD Open: 1.3864-68, Overnight Range: 1.3850-1.3914 WTI Oil is at $18.13 and gold is at $1,717.70. US markets are lower today. For today, USD resistance is at 1.3954. Support is at 1.3828. • Downbeat FOMC leaves policy unchanged • ECB leaves rates unchanged but tweak some policy initiatives • China data underpins positive risk sentiment […]

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

Canadian Dollar Update, April 29, 2020 – Canadian Dollar stays firm

USD/CAD Open: 1.3939-42, Overnight Range: 1.3917-1.4003 WTI Oil is at $15.48 and gold is at $1,713.50. US markets are higher today. For today, USD resistance is at 1.3988. Support is at 1.3880. • FX traders cautious ahead of US GDP data and FOMC meeting • Eurozone data highlights impact of COVID-19 pandemic • US Dollar […]

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