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 25, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3211-15, Overnight Range: 1.3177-1.3239 WTI Oil is at $43.39 and gold is at $1,922.80. US markets are mixed today. For today, USD resistance is at 1.3228. Support is at 1.3174. • US/China optimistic about Phase 1 Trade deal • EURUSD climbs after IFO Survey data • Canadian dollar tracking EURUSD moves The Canadian […]

By KBFX | August 25, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 24, 2020 – Canadian Dollar rises

USD/CAD Open: 1.3152-56, Overnight Range: 1.3134-1.3224 WTI Oil is at $42.61 and gold is at $1,940.10. US markets are higher today. For today, USD resistance is at 1.3251. Support is at 1.3186. • Global risk sentiment improves slightly • Markets looking ahead to Jackson Hole Symposium, Thursday • US dollar is on the defensive in […]

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

Canadian Dollar Update, August 21, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3194-98, Overnight Range: 1.3159-1.3234 WTI Oil is at $41.86 and gold is at $1,950.20. US markets are mixed today. For today, USD resistance is at 1.3263. Support is at 1.3143. • Economists predict huge gain for Canada Retail Sales • Eurozone data sinks EURUSD, EU/UK trade talks disappointment sinks GBPUSD • US dollar […]

By KBFX | August 21, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 20, 2020 – Canadian Dollar corrects lower

USD/CAD Open: 1.3210-14, Overnight Range: 1.3183-1.3244 WTI Oil is at $42.45 and gold is at $1,957.10. US markets are mixed today. For today, USD resistance is at 1.3264. Support is at 1.3165. • FOMC minutes boost greenback and sink equities • Weekly Jobless Claims expected to improve • US dollar rallies against G-10 majors since […]

By KBFX | August 20, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 19, 2020 – Canadian Dollar ignores domestic political drama

USD/CAD Open: 1.3149-53, Overnight Range: 1.3133-1.3187 WTI Oil is at $42.93 and gold is at $1,968.20. US markets are higher today. For today, USD resistance is at 1.3209. Support is at 1.3152. • USDCAD traders ignore political drama • FOMC minutes due this afternoon • US dollar soft, but directionless in quiet overnight markets The […]

By KBFX | August 19, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 18, 2020 – Canadian Dollar climbs and Finance Minister resigns

USD/CAD Open: 1.3158-62, Overnight Range: 1.3152-1.3231 WTI Oil is at $42.73 and gold is at $2,012.60. US markets are mixed today. For today, USD resistance is at 1.3204. Support is at 1.3162. • USDCAD traders ignore news of Finance Minister resignation • Thin, summer markets exaggerate FX moves • US dollar falls steadily overnight and […]

By KBFX | August 18, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 17, 2020 – Canadian Dollar trades sideways

USD/CAD Open: 1.3225-29, Overnight Range: 1.3192-1.3263 WTI Oil is at $42.83 and gold is at $1,991.20. US markets are mixed today. For today, USD resistance is at 1.3208. Support is at 1.3181. • Canadian dollar trading sideways with a slightly bullish bias • US and China cancel Saturday meeting • People’s Bank of China liquidity […]

By KBFX | August 17, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 14, 2020 – Canadian Dollar fails to break resistance

USD/CAD Open: 1.3241-45, Overnight Range: 1.3206-1.3272 WTI Oil is at $41.94 and gold is at $1,950.80. US markets are mixed today. For today, USD resistance is at 1.3267. Support is at 1.3228. • Eurozone geopolitical tensions limit EURUSD gains • Senior US/China trade officials meet Saturday • Robust US data could renew risk-on sentiment The […]

By KBFX | August 14, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 13, 2020 – Canadian Dollar gains

USD/CAD Open: 1.3227-31, Overnight Range: 1.3192-1.3256 WTI Oil is at $42.27 and gold is at $1,953.10. US markets are mixed today. For today, USD resistance is at 1.3248. Support is at 1.3181. • Greenback grinding lower on Congressional stimulus stalemate • US weekly jobless claims in focus • US dollar opens with losses against G-10 […]

By KBFX | August 13, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, August 12, 2020 – Canadian Dollar stuck in a rut

USD/CAD Open: 1.3292-96, Overnight Range: 1.3229-1.3347 WTI Oil is at $42.33 and gold is at $1,950.60. US markets are higher today. For today, USD resistance is at 1.3270. Support is at 1.3204. • Gold (XAUUSD) sinks then soars • UK Q2 GDP drops 21.7%, lowest in history • US dollar soars then sinks in thin […]

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