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, January 20, 2021 – Canadian Dollar Awaits BoC

USD/CAD Open: 1.2694-98, Overnight Range: 1.2679-1.2737 WTI Oil is at $53.67 and gold is at $1,862.10. US markets are higher today. For today, USD resistance is at 1.2735. Support is at 1.2664. • Bank of Canada monetary policy meeting ahead • Risk sentiment positive ahead of Biden inauguration • US dollar slips for third day […]

By Admin | January 20, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 19, 2021 – Canadian Dollar Rebounds

USD/CAD Open: 1.2724-28, Overnight Range: 1.2719-1.2763 WTI Oil is at $52.59 and gold is at $1,836.60. US markets are higher today. For today, USD resistance is at 1.2812. Support is at 1.2692. • Oil prices ignore bearish IEA report • Janet Yellen Confirmation hearing today • US dollar sinks on uptick in positive risk sentiment […]

By Admin | January 19, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 18, 2021 – Canadian Dollar Adds to Friday’s Losses

USD/CAD Open: 1.2774-78, Overnight Range: 1.2725-1.2799 WTI Oil is at $52.27 and gold is at $1,833.60. US markets are lower today. For today, USD resistance is at 1.2802. Support is at 1.2735. • China 2020 GDP rises 2.3% y/y, despite COVID-19 • US closed for Martin Luther King Day • US dollar extends gains The […]

By Admin | January 18, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 15, 2021 – Canadian Dollar Retreats

USD/CAD Open: 1.2692-96, Overnight Range: 1.2628-1.2764 WTI Oil is at $52.18 and gold is at $1,832.10. US markets are lower today. For today, USD resistance is at 1.2765. Support is at 1.2696. • No surprises in Biden’s $1.9 trillion spending plan • Fed Chair Powell pushes back on higher rates • US dollar rallies as […]

By Admin | January 15, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 14, 2021 – Canadian Dollar Hangs on to Gains

USD/CAD Open: 1.2671-75, Overnight Range: 1.2645-1.2707 WTI Oil is at $52.68 and gold is at $1,848.90. US markets are higher today. For today, USD resistance is at 1.2721. Support is at 1.2596. • Fed Chair Powell speech today • Biden announces stimulus plan details tonight • US dollar weighed down by commodity currency bloc gains […]

By Admin | January 14, 2021 | Daily Update | 0 comments Read more >

Canadian Dollar Update, January 13, 2021 – Canadian Dollar Trading Higher

USD/CAD Open: 1.2733-37, Overnight Range: 1.2703-1.2747 WTI Oil is at $53.31 and gold is at $1,860.10. US markets are mixed today. For today, USD resistance is at 1.2781. Support is at 1.2691. • Fed speakers push back against tapering talk • ECB officials upbeat on economy, pay lip service to currency • US dollar opens […]

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Canadian Dollar Update, January 12, 2021 – Canadian Dollar gets a Lift

USD/CAD Open: 1.2749-53, Overnight Range: 1.2732-1.2791 WTI Oil is at $52.61 and gold is at $1,843.20. US markets are mixed today. For today, USD resistance is at 1.2808. Support is at 1.2739. • US/China tensions unnerve markets • White House drama continues today • Rising US Treasury yields lift US dollar The Canadian dollar sell-off […]

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Canadian Dollar Update, January 11, 2021 – Canadian Dollar Sinks

USD/CAD Open: 1.2768-72, Overnight Range: 1.2693-1.2835 WTI Oil is at $51.64 and gold is at $1,830.30. US markets are lower today. For today, USD resistance is at 1.2913. Support is at 1.2730. • US/China tensions unnerve markets • White House drama continues today • Rising US Treasury yields lift US dollar The Canadian dollar traded […]

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Canadian Dollar Update, January 8, 2021 – Canadian Dollar Sideways

USD/CAD Open: 1.2678-82, Overnight Range: 1.2658-1.2743 WTI Oil is at $51.68 and gold is at $1,836.10. US markets are mixed today. For today, USD resistance is at 1.2731. Support is at 1.2680. • USDX and Treasury yields rise • US NFP and Canada employment report on tap today • US dollar opens mixed and close […]

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Canadian Dollar Update, January 7, 2021 – Canadian Dollar Suffers from US Unrest

USD/CAD Open: 1.2730-34, Overnight Range: 1.2663-1.2734 WTI Oil is at $50.95 and gold is at $1,914.60. US markets are higher today. For today, USD resistance is at 1.2755. Support is at 1.2689. • Congress confirms Biden as President, Democrats control House and Senate • Global equities mixed to higher as are US Treasury yields • […]

By Admin | January 7, 2021 | Daily Update | 0 comments Read more >