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, June 25, 2020 – Canadian Dollar dives

USD/CAD Open: 1.3610-14, Overnight Range: 1.3607-1.3666 WTI Oil is at $38.27 and gold is at $1,770.00. US markets are higher today. For today, USD resistance is at 1.3687. Support is at 1.3615. • Canada loses AAA credit rating • IMF downgrades global growth outlook, again • Rising US coronavirus cases spur shift to risk-aversion The […]

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

Canadian Dollar Update, June 24, 2020 – Canadian Dollar sinks with poor risk sentiment

USD/CAD Open: 1.3564-68, Overnight Range: 1.3527-1.3596 WTI Oil is at $39.57 and gold is at $1,784.00. US markets are lower today. For today, USD resistance is at 1.3622. Support is at 1.3536. • Rising COVID-19 cases in USA unsettle markets • Trump administration threatens new tariffs on Canadian aluminum • Robust German IFO Business climate […]

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

Canadian Dollar Update, June 23, 2020 – Canadian Dollar recovers from overnight madness

USD/CAD Open: 1.3526-30, Overnight Range: 1.3485-1.3570 WTI Oil is at $40.68 and gold is at $1,779.40. US markets are higher today. For today, USD resistance is at 1.3555. Support is at 1.3458. • White House advisor roils Asia markets with comments • Eurozone Manufacturing PMI data underpins EURUSD • Canadian dollar probing resistance, supported by […]

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

Canadian Dollar Update, June 22, 2020 – Canadian Dollar reverses Friday’s losses

USD/CAD Open: 1.3571-75, Overnight Range: 1.3531-1.3630 WTI Oil is at $40.06 and gold is at $1,769.00. US markets are higher today. For today, USD resistance is at 1.3580. Support is at 1.3513. • FX risk sentiment turns mildly positive • Steady-to-firm crude and higher commodity prices underpin Canadian dollar • BoC Governor Macklem speech today […]

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

Canadian Dollar Update, June 19, 2020 – Canadian Dollar will ignore Retail Sales

USD/CAD Open: 1.3583-87, Overnight Range: 1.3547-1.3615 WTI Oil is at $40.13 and gold is at $1,758.60. US markets are higher today. For today, USD resistance is at 1.3614. Support is at 1.3523. • Canada April Retail Sales fell 26.4% • EURUSD stalled as EU debates Germany/France Relief Fund • GBPUSD slumps as debt-to-GDP reaches 100.5% […]

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

Canadian Dollar Update, June 18, 2020 – Canadian Dollar trading sideways

USD/CAD Open: 1.3538-42, Overnight Range: 1.3521-1.3616 WTI Oil is at $38.62 and gold is at $1,730.70. US markets are mixed today. For today, USD resistance is at 1.3628. Support is at 1.3574. • Bank of England increases QE, as expected • Global equities dip • US dollar inches higher at Toronto open The Canadian dollar […]

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

Canadian Dollar Update, June 17, 2020 – Canadian Dollar grinds higher

USD/CAD Open: 1.3543-47, Overnight Range: 1.3511-1.3572 WTI Oil is at $37.83 and gold is at $1,730.00. US markets are mixed today. For today, USD resistance is at 1.3619. Support is at 1.3493. • Robust US economic data boosts bullish equity sentiment • Cautious Fed outlook, new COVID-19 cases, support FX safe-haven demand • Oil prices […]

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

Canadian Dollar Update, June 16, 2020 – Canadian Dollar flips, flops, and flies

USD/CAD Open: 1.3564-68, Overnight Range: 1.3504-1.3622 WTI Oil is at $38.19 and gold is at $1,735.20. US markets are higher today. For today, USD resistance is at 1.3596. Support is at 1.3545. • Yesterday’s Fed “risk” rally” continued overnight • IEA Oil Market Report gives oil a boost • Canadian dollar underperforms as US dollar […]

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

Canadian Dollar Update, June 15, 2020 – Canadian Dollar sinks with stocks

USD/CAD Open: 1.3640-44, Overnight Range: 1.3580-1.3686 WTI Oil is at $34.81 and gold is at $1,707.50. US markets are lower today. For today, USD resistance is at 1.3697. Support is at 1.3602. • S&P Futures in the red • Traders nervous on new coronavirus fears • Crude prices slide, but well above their overnight low […]

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

Canadian Dollar Update, June 12, 2020 – Canadian Dollar dumped

USD/CAD Open: 1.3534-38, Overnight Range: 1.3527-1.3666 WTI Oil is at $36.15 and gold is at $1,740.20. US markets are higher today. For today, USD resistance is at 1.3698. Support is at 1.3509. • Wall Street melt-down and oil price plunge, sinks Canadian dollar • Rising COVID-19 cases in US, raises fears of second outbreak • […]

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