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, July 24, 2020 – Canadian Dollar rally stalls

USD/CAD Open: 1.3420-24, Overnight Range: 1.3377-1.3445 WTI Oil is at $41.08 and gold is at $1,899.50. US markets are lower today. For today, USD resistance is at 1.3458. Support is at 1.3389. • Canadian dollar rally side-swiped by fresh risk aversion sentiment • China orders closure of US consulate in Chengdu • US dollar gains […]

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

Canadian Dollar Update, July 23, 2020 – Canadian Dollar attempting to break higher

USD/CAD Open: 1.3415-16, Overnight Range: 1.3371-1.3419 WTI Oil is at $41.68 and gold is at $1,872.40. US markets are higher today. For today, USD resistance is at 1.3407. Support is at 1.3362. • Canadian dollar approaching key resistance level • US dollar bears are in control as greenback remains on the defensive • US COVID-19 […]

By KBFX | July 23, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 22, 2020 – Canadian Dollar struggles to rally

USD/CAD Open: 1.3452-56, Overnight Range: 1.3419-1.3483 WTI Oil is at $41.36 and gold is at $1,849.80 US markets are higher today. For today, USD resistance is at 1.3448. Support is at 1.3407. • US dollar bears are in control • Gold (XAUUSD) soaring on low global interest rates, COVID-19 risks, and geopolitical tensions • COVID-19 […]

By KBFX | July 22, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 21, 2020 – Canadian Dollar soars

USD/CAD Open: 1.3485-89, Overnight Range: 1.3439-1.3536 WTI Oil is at $42.06 and gold is at $1,838.70. US markets are mixed today. For today, USD resistance is at 1.3487. Support is at 1.3415. • Canadian dollar rides the rally bus, as positive risk sentiment sinks US dollar • EU Summit ends with budget and COVID-19 Relief […]

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

Canadian Dollar Update, July 20, 2020 – Canadian Dollar underperforming

USD/CAD Open: 1.3568-72, Overnight Range: 1.3550-1.3600 WTI Oil is at $40.07 and gold is at $1,818.10. US markets are mixed today. For today, USD resistance is at 1.3607. Support is at 1.3521. • Canadian dollar gains lag those of the Antipodean currencies • US dollar on defensive as EU Summit drags on • US dollar […]

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

Canadian Dollar Update, July 17, 2020 – Canadian Dollar in a rut

USD/CAD Open: 1.3583-87, Overnight Range: 1.3557-1.3589 WTI Oil is at $40.50 and gold is at $1,811.90. US markets are mixed today. For today, USD resistance is at 1.3607. Support is at 1.3545. • Canadian dollar cannot get any traction, up or down • Rising US coronavirus cases crimping positive risk sentiment • European Union Summit […]

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

Canadian Dollar Update, July 16, 2020 – Canadian Dollar attempts a rally

USD/CAD Open: 1.3531-35, Overnight Range: 1.3501-1.3545 WTI Oil is at $41.05 and gold is at $1,806.50. US markets are lower today. For today, USD resistance is at 1.3568. Support is at 1.3489. • Minor “risk-off” ripple lifts US dollar • Bank of Canada “uncertain”, leaves rates and policy unchanged • ECB interest rate decision is […]

By KBFX | July 16, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 15, 2020 – Canadian Dollar rises alongside global equities

USD/CAD Open: 1.3584-88, Overnight Range: 1.3559-1.3618 WTI Oil is at $40.59 and gold is at $1,806.90. US markets are higher today. For today, USD resistance is at 1.3585. Support is at 1.3546. • Global equities soar on coronavirus vaccine hope • Bank of Canada meeting, may be overshadowed by Wall Street action • US dollar […]

By KBFX | July 15, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, July 14, 2020 – Canadian Dollar adrift

USD/CAD Open: 1.3626-30, Overnight Range: 1.3595-1.3646 WTI Oil is at $39.35 and gold is at $1,802.30. US markets are lower today. For today, USD resistance is at 1.3657. Support is at 1.3588. • Canadian dollar tracking broad US dollar sentiment and Wall Street • Global stocks dip on profit-taking and mild risk aversion • US […]

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

Canadian Dollar Update, July 13, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3563-67, Overnight Range: 1.3548-1.3602 WTI Oil is at $40.18 and gold is at $1,814.20. US markets are higher today. For today, USD resistance is at 1.3589. Support is at 1.3542. • Canadian dollar looses capped by improved risk sentiment • China’ Shanghai Shenzhen CSI 300 index surges, leading global stocks higher • Oil […]

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