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, November 4, 2020 – Canadian Dollar Trading is Messy

USD/CAD Open: 1.3208-12, Overnight Range: 1.3095-1.3299 WTI Oil is at $39.02 and gold is at $1,893.70. US markets are mixed today. For today, USD resistance is at 1.3143. Support is at 1.3099. • Undecided US election roils FX markets • Equity markets trading firmer, Wall Street futures mixed • US dollar recovers yesterday’s losses The […]

By Admin | November 4, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 3, 2020 – Canadian Dollar Rises as Greenback Sinks

USD/CAD Open: 1.3164-68, Overnight Range: 1.3103-1.3234 WTI Oil is at $37.75 and gold is at $1,910.30. US markets are higher today. For today, USD resistance is at 1.3197. Support is at 1.3111. • Getting ready for President Biden? • Markets ignore record COVID-19 numbers in US • US dollar slammed against G-10 majors The Canadian […]

By Admin | November 3, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, November 2, 2020 – Canadian Dollar Dips Then Soars

USD/CAD Open: 1.3302-06, Overnight Range: 1.3244-1.3370 WTI Oil is at $36.65 and gold is at $1,894.10. US markets are mixed today. For today, USD resistance is at 1.3272. Support is at 1.3231. • UK joins Eurozone with coronavirus lockdowns • Global equity markets rally • US dollar sinks in a mild risk seeking environment The […]

By Admin | November 2, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 30, 2020 – Canadian Dollar Loop-de-Loop

USD/CAD Open: 1.3323-27, Overnight Range: 1.3279-1.3345 WTI Oil is at $35.53 and gold is at $1,882.80. US markets are lower today. For today, USD resistance is at 1.3333. Support is at 1.3270. • ECB’s broad hint of December stimulus underpins US dollar • Month-end flows, and election jitters will dominate FX trading today • Negative […]

By Admin | October 30, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 29, 2020 – Canadian Dollar Extends Losses

USD/CAD Open: 1.3323-27, Overnight Range: 1.3278-1.3389 WTI Oil is at $36.20 and gold is at $1,868.90. US markets are higher today. For today, USD resistance is at 1.3386. Support is at 1.3317. • US dollar soars on widespread-safe-haven demand • Global equities and G-10 currencies consolidating losses ahead of ECB meeting • Dovish BoC outlook, […]

By Admin | October 29, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 28, 2020 – Canadian Dollar Drops

USD/CAD Open: 1.3241-45, Overnight Range: 1.3176-1.3333 WTI Oil is at $37.20 and gold is at $1,881.40. US markets are lower today. For today, USD resistance is at 1.3344. Support is at 1.3280. • Second-wave COVID-19 pandemic fears spark US dollar demand • Lack of US stimulus package sinks Wall Street • Bank of Canada policy […]

By Admin | October 28, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 27, 2020 – Canadian Dollar Directionless

USD/CAD Open: 1.3191-95, Overnight Range: 1.3150-1.3212 WTI Oil is at $39.48 and gold is at $1,910.50. US markets are mixed today. For today, USD resistance is at 1.3193. Support is at 1.3126. • Canadian dollar inches higher in quiet overnight trading • Caution ahead of US election limits FX activity • US Durable Goods data […]

By Admin | October 27, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 26, 2020 – Canadian Dollar Gives Back Gains

USD/CAD Open: 1.3182-86, Overnight Range: 1.3121-1.3225 WTI Oil is at $38.52 and gold is at $1,904.80. US markets are lower today. For today, USD resistance is at 1.3231. Support is at 1.3171. • Another round of risk aversion ripples through FX • German IFO data, EURGBP selling undermines EURUSD • Canadian dollar opens as worst […]

By Admin | October 26, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 23, 2020 – Canadian Dollar Grinding Out Gains

USD/CAD Open: 1.3111-15, Overnight Range: 1.3109-1.3160 WTI Oil is at $39.91 and gold is at $1,904.50. US markets are mixed today. For today, USD resistance is at 1.3174. Support is at 1.3125. • Bearish dollar sentiment weighs on Loonie • Euro area PMI data raises recession concerns • US dollar ending week with losses The […]

By Admin | October 23, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, October 22, 2020 – Canadian Dollar Falling

USD/CAD Open: 1.3149-53, Overnight Range: 1.3123-1.3177 WTI Oil is at $40.69 and gold is at $1,903.20. US markets are higher today. For today, USD resistance is at 1.3155. Support is at 1.3121. • EU and UK resume trade negotiations • Equity markets soft on election interference claims • US dollar clawing back yesterday’s losses Canadian […]

By Admin | October 22, 2020 | Daily Update | 0 comments Read more >