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, September 9, 2020 – Canadian Dollar awaiting BoC

USD/CAD Open: 1.3223-27, Overnight Range: 1.3148-1.3259 WTI Oil is at $38.11 and gold is at $1,954.60. US markets are higher today. For today, USD resistance is at 1.3177. Support is at 1.3135. • Canadian dollar bounces off overnight low on improved risk sentiment • GBPUSD falls further, weighed down by “no-deal” Brexit concerns • BoC […]

By KBFX | September 9, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, September 8, 2020 – Canadian Dollar drops

USD/CAD Open: 1.3147-52, Overnight Range: 1.3086-1.3198 WTI Oil is at $36.41 and gold is at $1,933.40. US markets are lower today. For today, USD resistance is at 1.3240. Support is at 1.3143. • UK sucker-punches EU withdrawal agreement • Euro area GDP ignored ahead of ECB meeting • GBP plunge sparks broad US dollar demand […]

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

Canadian Dollar Update, September 4, 2020 – Canadian Dollar idling ahead of NFP

USD/CAD Open: 1.3089-93, Overnight Range: 1.3064-1.3140 WTI Oil is at $39.41 and gold is at $1,934.30. US markets are lower today. For today, USD resistance is at 1.3130. Support is at 1.3026. • Wall Street meltdown leaves markets on edge • US expected to gain 1.4 million jobs while Canada adds 246,000 • US dollar […]

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

Canadian Dollar Update, September 3, 2020 – Canadian Dollar drops

USD/CAD Open: 1.3094-98, Overnight Range: 1.3036-1.3162 WTI Oil is at $41.38 and gold is at $1,935.00. US markets are lower today. For today, USD resistance is at 1.3154. Support is at 1.3108. • US dollar higher ahead of employment data today and Friday • Oil price drop, undermines Canadian dollar • US dollar extends Wednesday’s […]

By KBFX | September 3, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, September 2, 2020 – Canadian Dollar rally hits a wall

USD/CAD Open: 1.3058-62, Overnight Range: 1.3053-1.3095 WTI Oil is at $41.60 and gold is at $1,941.20. US markets are higher today. For today, USD resistance is at 1.3103. Support is at 1.3022. • Yesterday, US Manufacturing PMI strength fueled US dollar gains • Soft Eurozone data, dovish ECB expectations weigh on EURUSD • US dollar […]

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

Canadian Dollar Update, September 1, 2020 – Canadian Dollar rides US Dollar slide

USD/CAD Open: 1.3008-12, Overnight Range: 1.2994-1.3078 WTI Oil is at $42.99 and gold is at $1,979.00. US markets are higher today. For today, USD resistance is at 1.3102. Support is at 1.3012. • New month, same story-sell US dollars • EURUSD ignores data flirts with 2-year high • US dollar down against major G-10 currencies […]

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

Canadian Dollar Update, August 31, 2020 – Canadian Dollar is near its 2020 peak

USD/CAD Open: 1.3066-70, Overnight Range: 1.3034-1.3046 WTI Oil is at $42.82 and gold is at $1,973.90. US markets are mixed today. For today, USD resistance is at 1.3069. Support is at 1.3019. • UK holiday drains liquidity from FX market • US dollar poised to close August with losses against the major G-10 currencies, except […]

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

Canadian Dollar Update, August 28, 2020 – Canadian Dollar’s month-end rally

USD/CAD Open: 1.3067-72, Overnight Range: 1.3047-1.3132 WTI Oil is at $43.05 and gold is at $1,975.30. US markets are higher today. For today, USD resistance is at 1.3125. Support is at 1.3083. • Month-end portfolio rebalancing boosts Canadian dollar • Dovish Fed suggests US rates will remain lower longer than previously expected • US dollar […]

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

Canadian Dollar Update, August 27, 2020 – Canadian Dollar firms ahead of Powell speech

USD/CAD Open: 1.3149-53, Overnight Range: 1.3101-1.3166 WTI Oil is at $43.09 and gold is at $1,935.50. US markets are mixed today. For today, USD resistance is at 1.3197. Support is at 1.3038. • Fed Chair Powell delivers major speech this morning • Hurricane Laura underpins crude prices on supply disruption fears • US dollar opens […]

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

Canadian Dollar Update, August 26, 2020 – Canadian Dollar quiet

USD/CAD Open: 1.3173-77, Overnight Range: 1.3136-1.3205 WTI Oil is at $43.42 and gold is at $1,953.70. US markets are mixed today. For today, USD resistance is at 1.3169. Support is at 1.3113. • Canadian dollar getting a small lift from higher crude prices • US Durable Goods data will be ignored by FX traders • […]

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