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, March 9, 2021 – Canadian Dollar Recovers Lost Ground

USD/CAD Open: 1.2606-10, Overnight Range: 1.2593-1.2684, Previous Close: 1.2665 WTI Oil is at $64.55 and gold is at $1,717.60. US markets are higher today. For today, USD resistance is at 1.2649. Support is at 1.2595. • Global growth outlook improves according to OECD • Treasury yields drop, boosting risk sentiment • Canadian dollar opens near […]

By Writer | March 9, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 8, 2021 – Canadian Dollar Under Pressure

USD/CAD Open: 1.2683-87, Overnight Range: 1.2625-1.2698, Previous Close: 1.2657 WTI Oil is at $64.79 and gold is at $1,678.30. US markets are mixed today. For today, USD resistance is at 1.2700. Support is at 1.2612. • Oil prices surge after missile strike on Saudi production facility • Global equity indexes mixed – Asia down, Europe […]

By Writer | March 8, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 5, 2021 – Canadian Dollar Slides

USD/CAD Open: 1.2716-20, Overnight Range: 1.2653-1.2717, Previous Close: 1.2668 WTI Oil is at $66.21 and gold is at $1,696.60. US markets are higher today. For today, USD resistance is at 1.2685. Support is at 1.2642. • Fed Chair Powell disappoints Bond markets • OPEC delays production cuts, prices surged • Canadian dollar outperforms in commodity […]

By Writer | March 5, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 4, 2021 – Commodity Prices Underpin Canadian Dollar

USD/CAD Open: 1.2645-49, Overnight Range: 1.2634-1.2773, Previous Close: 1.2656 WTI Oil is at $64.39 and gold is at $1,697.60. US markets are lower today. For today, USD resistance is at 1.2744. Support is at 1.2523. • Global equity markets sink under weight of rising Treasury yields • Market waiting for Powell’s speech at noon • […]

By Writer | March 4, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 3, 2021 – Canadian Dollar Consolidating

USD/CAD Open: 1.2614-18, Overnight Range: 1.2595-1.2642, Previous Close: 1.2637 WTI Oil is at $61.57 and gold is at $1,717.40. US markets are mixed today. For today, USD resistance is at 1.2648. Support is at 1.2601. • GBPUSD awaiting budget • Global equities trade higher on vaccine developments • US dollar opens on mixed note The […]

By Writer | March 3, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 2, 2021 – Canadian Dollar Awaits December GDP

USD/CAD Open: 1.2650-54, Overnight Range: 1.2640-1.2696, Previous Close: 1.2646 WTI Oil is at $60.59 and gold is at $1,734.90. US markets are lower today. For today, USD resistance is at 1.2637. Support is at 1.2575. -Risk sentiment is mixed -Canada GDP data ahead -US dollar grinds out gains The Canadian dollar has had a topsy-turvy […]

By Writer | March 2, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, March 1, 2021 – Canadian Dollar Rally Hits Wall

USD/CAD Open: 1.2679-83, Overnight Range: 1.2677-1.2735, Previous Close: 1.2745 WTI Oil is at $61.56 and gold is at $1,735.90. US markets are higher today. For today, USD resistance is at 1.2704. Support is at 1.2629. The Canadian dollar rallied from the opening bell in Asia and continued to do so throughout the overnight session. USDCAD […]

By Writer | March 1, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 26, 2021 – Canadian Dollar Rally Hits Wall

USD/CAD Open: 1.2646-50, Overnight Range: 1.2589-1.2648, Previous Close: 1.2605 WTI Oil is at $63.07 and gold is at $1,765.02. US markets are mixed today. For today, USD resistance is at 1.2775. Support is at 1.2670. -Fed Chair Powell drives positive risk sentiment -Traders (mostly) ignore surge in Treasury yields -US dollar sinks against G-10 majors […]

By Writer | February 27, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 24, 2021 – Canadian Dollar Driving Higher

USD/CAD Open: 1.2572-76, Overnight Range: 1.2561-1.2595, Previous Close: 1.2590 WTI Oil is at $63.35 and gold is at $1,794.50. US markets are higher today. For today, USD resistance is at 1.2533. Support is at 1.2495. The Canadian dollar is playing “catch-up” with its antipodean cousins and is probing levels last seen in April 2018. It […]

By Writer | February 25, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 23, 2021 – Canadian Dollar grinding out gains

USD/CAD Open: 1.2617-21, Overnight Range: 1.2587-1.2623, Previous Close: 1.2618 WTI Oil is at $62.36 and gold is at $1,806.02. US markets are mixed today. For today, USD resistance is at 1.2611. Support is at 1.2563. -Fed Chair Powell testimony today -EU inflation as expected and ignored by EURUSD -US dollar opens with small gains except […]

By Writer | February 24, 2021 | Daily Update | 0 comments Read more >