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 4, 2021 – Canadian Dollar resisting a retreat

USD/CAD Open: 1.2806-10, Overnight Range: 1.2779-1.2823, Previous Close: 1.2786 WTI Oil is at $56.13 and gold is at $1,812.08. US markets are higher today. For today, USD resistance is at 1.2863. Support is at 1.2802. • US Dollar Index probing resistance • Surging crude prices support Canadian dollar • Bank of England leaves policy unchanged […]

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

Canadian Dollar Update, February 3, 2021 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.2787-91, Overnight Range: 1.2765-1.2801, Previous Close: 1.2784 WTI Oil is at $55.11 and gold is at $1,834.68. US markets are higher today. For today, USD resistance is at 1.2791. Support is at 1.2753. • Global equity markets extend gains • Higher oil prices providing limited support to Loonie • US dollar trying to […]

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

Canadian Dollar Update, February 2, 2021 – Canadian Dollar Outperforms Commodity Currency Bloc

USD/CAD Open: 1.2807-11, Overnight Range: 1.2784-1.2857, Previous Close: 1.2859 WTI Oil is at $54.83 and gold is at $1,849.46. US markets are higher today. For today, USD resistance is at 1.2844. Support is at 1.2787. • Soaring crude prices underpin Canadian dollar • Global equities rise on US stimulus talks • US dollar opens on […]

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

Canadian Dollar Update, February 1, 2020 – Canadian Dollar still basking in GDP glow

USD/CAD Open: 1.2801-05, Overnight Range: 1.2764-1.2817, Previous Close: 1.2778 WTI Oil is at $52.39 and gold is at $1,860.48. US markets are higher today. For today, USD resistance is at 1.2864. Support is at 1.2796. • US ISM Manufacturing PMI ahead • Silver prices soar, highest since 2013 • Global equities start new month on […]

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

Canadian Dollar Update, January 29, 2021 – Canadian Dollar Sinks then Soars

USD/CAD Open: 1.2828-32, Overnight Range: 1.2821-1.2873, Previous Close: 1.2831 WTI Oil is at $52.57 and gold is at $1,857.98. US markets are lower today. For today, USD resistance is at 1.2836. Support is at 1.2700. • Global equity indexes sink-US futures negative but off their worst levels • Month-end portfolio rebalancing flows undermining US dollar […]

By Writer | January 29, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 28, 2021 – Canadian Dollar Crushed

USD/CAD Open: 1.2854-58, Overnight Range: 1.2798-1.2879, Previous Close: 1.2803 WTI Oil is at $52.71 and gold is at $1,842.20. US markets are higher today. For today, USD resistance is at 1.2857. Support is at 1.2755. • Wall Street sell-off sparks “risk-off” shift • No surprises from FOMC – low rates for a long time • […]

By Writer | January 28, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 27, 2021 – Canadian Dollar Tracking Antipodean Currency Moves

USD/CAD Open: 1.2719-23, Overnight Range: 1.2688-1.2730, Previous Close: 1.2697 WTI Oil is at $52.92 and gold is at $1,846.40. US markets are lower today. For today, USD resistance is at 1.2804. Support is at 1.2713. • FOMC statement released this afternoon • EURUSD testing downside support • US dollar opens on a firm note The […]

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

Canadian Dollar Update, January 25, 2021 – Canadian Dollar Looking for Direction

USD/CAD Open: 1.2699-2703, Overnight Range: 1.2690-1.2734, Previous Close: 1.2733 WTI Oil is at $52.79 and gold is at $1,862.87. US markets are lower today. For today, USD resistance is at 1.2782. Support is at 1.2704. • Virtual World Economic Forum in Davos starts today • German IFO index data weighs on EURUSD • Global risk […]

By Admin | January 25, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 22, 2021 – Canadian Dollar Erases Gains

USD/CAD Open: 1.2700-04, Overnight Range: 1.2637-1.2711 WTI Oil is at $52.39 and gold is at $1,856.50. US markets are lower today. For today, USD resistance is at 1.2763. Support is at 1.2691. • Negative risk sentiment sinks Loonie • Eurozone data warns of recession risks • Canada Retail Sales due today The Canadian dollar rallied […]

By Admin | January 22, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 21, 2021 – Canadian Dollar Busts a Move

USD/CAD Open: 1.2619-23, Overnight Range: 1.2588-1.2637 WTI Oil is at $53.05 and gold is at $1,865.40. US markets are higher today. For today, USD resistance is at 1.2651. Support is at 1.2579. • Loonie soars to a three year peak • Bank of Canada expects robust domestic growth • US dollar continues to slide lower […]

By Admin | January 21, 2021 | Daily Update | 0 comments Read more >