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, February 19, 2021 – Canadian Dollar Rallies

USD/CAD Open: 1.2635-39, Overnight Range: 1.2639-1.2712, Previous Close: 1.2679 WTI Oil is at $60.13 and gold is at $1,782.40. US markets are higher today. For today, USD resistance is at 1.2653. Support is at 1.2575. -Robust US data underpins global risk sentiment -China returns from Lunar New Year holiday -US dollar gives back some of […]

By Writer | February 19, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 18, 2021 – Canadian dollar rangebound

USD/CAD Open: 1.2692-96, Overnight Range: 1.2683-1.2715, Previous Close: 1.2700 WTI Oil is at $61.16 and gold is at $1,784.86. US markets are lower today. For today, USD resistance is at 1.2767. Support is at 1.2671. -Robust US data underpins global risk sentiment -China returns from Lunar New Year holiday -US dollar gives back some of […]

By Writer | February 18, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, February 17, 2021 – Canadian dollar near a three year peak

USD/CAD Open: 1.2697-1.2701, Overnight Range: 1.2689-1.2717, Previous Close: 1.2692 WTI Oil is at $61.76 and gold is at $1,782.10. US markets are mixed today. For today, USD resistance is at 1.2722. Support is at 1.2668. -Canadian dollar slips, but still firmer this week -Asia markets are subdued because of Chinese New Year holidays -Bitcoin posting […]

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Canadian Dollar Update, February 16, 2021 – Canadian dollar near a three year peak

USD/CAD Open: 1.2631-35, Overnight Range: 1.2612-1.2690, Friday Close: 1.2690 WTI Oil is at $59.81 and gold is at $1,823.17. US markets are mixed today. For today, USD resistance is at 1.2730. Support is at 1.2679. • Canadian dollar slips, but still firmer this week • Asia markets are subdued because of Chinese New Year holidays […]

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Canadian Dollar Update, February 12, 2021 – Canadian dollar gives back some gains

USD/CAD Open: 1.2736-40, Overnight Range: 1.2698-1.2754, Previous Close: 1.2704 WTI Oil is at $59.58 and gold is at $1,823.80. US markets are mixed today. For today, USD resistance is at 1.2723. Support is at 1.2653. • Canadian dollar slips, but still firmer this week • Asia markets are subdued because of Chinese New Year holidays […]

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Canadian Dollar Update, February 11, 2021 – Canadian dollar rallies anew

USD/CAD Open: 1.2677-81, Overnight Range: 1.2678-1.2709, Previous Close: 1.2701 WTI Oil is at $58.36 and gold is at $1,840.71. US markets are higher today. For today, USD resistance is at 1.2709. Support is at 1.2657. -Weekly Jobless Claims data due today -Fed Chair Jerome Powell kicks reflation trade idea to curb -US dollar trades quietly […]

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Canadian Dollar Update, February 10, 2021 – Canadian dollar on a roll

USD/CAD Open: 1.2695-99, Overnight Range: 1.2677-1.2709, Previous Close: 1.2693 WTI Oil is at $58.69 and gold is at $1,842.03. US markets are mixed today. For today, USD resistance is at 1.2704. Support is at 1.2656. -Shrinking US crude inventories lifts WTI oil prices -Fed Chair Jerome Powell speech today -Canadian dollar rebounds off of resistance […]

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Canadian Dollar Update, February 9, 2021 – Canadian dollar finds its footing

USD/CAD Open: 1.2731-35, Overnight Range: 1.2715-1.2740, Previous Close: 1.2740 WTI Oil is at $58.00 and gold is at $1,841.83. US markets are mixed today. For today, USD resistance is at 1.2707. Support is at 1.2681. -Risk sentiment stays positive -Oil prices continue to climb on global economic recovery hopes -Canadian dollar rises as US dollar […]

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Canadian Dollar Update, February 8, 2021 – Canadian dollar ignores domestic employment data

USD/CAD Open: 1.2776-80, Overnight Range: 1.2757-1.2780, Previous Close: 1.2760 WTI Oil is at $57.54 and gold is at $1,834.00. US markets are higher today. For today, USD resistance is at 1.2771. Support is at 1.2728. • Canadian dollar gets support from oil • Rising US Treasury yields drive greenback demand • US dollar opens with […]

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Canadian Dollar Update, February 5, 2021 – Canadian Dollar getting support from crude

USD/CAD Open: 1.2795-99, Overnight Range: 1.2788-1.2831, Previous Close: 1.2824 WTI Oil is at $56.81 and gold is at $1,807.83. US markets are higher today. For today, USD resistance is at 1.2811. Support is at 1.2742. • WTI oil climbs to $57.06/b, last seen January 2020 • Record high US stocks stoke global equity rally • […]

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