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 11, 2020 – Dovish Fed tramples Canadian Dollar

USD/CAD Open: 1.3460-64, Overnight Range: 1.3397-1.3631 WTI Oil is at $35.80 and gold is at $1,730.20. US markets are lower today. For today, USD resistance is at 1.3642. Support is at 1.3567. • FOMC leaves rates unchanged yesterday • Dovish Fed and increase in COVID-19 in US spark safe-haven demand • Oil prices slide, exacerbates […]

By KBFX | June 11, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 10, 2020 – Canadian Dollar higher ahead of Fed

USD/CAD Open: 1.3400-04, Overnight Range: 1.3370-1.3428 WTI Oil is at $38.20 and gold is at $1,730.10. US markets are mixed today. For today, USD resistance is at 1.3471. Support is at 1.3348. • Canadian dollar consolidation continues • Oil prices fall on report of US crude inventory increase • OECD forecasts Canada 2020 GDP to […]

By KBFX | June 10, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 9, 2020 – Canadian Dollar sinks

USD/CAD Open: 1.3474-78, Overnight Range: 1.3359-1.3488 WTI Oil is at $38.07 and gold is at $1,728.10. US markets are lower today. For today, USD resistance is at 1.3509. Support is at 1.3362. • Canadian dollar slides with broad US dollar bounce • Eurozone GDP undermines EURUSD • Oil prices drop ahead of FOMC meeting The […]

By KBFX | June 9, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 8, 2020 – Canadian Dollar looking for another catalyst

USD/CAD Open: 1.3407-05, Overnight Range: 1.3386-1.3436 WTI Oil is at $38.89 and gold is at $1,693.90. US markets are higher today. For today, USD resistance is at 1.3433. Support is at 1.3376. • Canadian dollar rally stalled despite OPEC deal and firm crude prices • Friday’s robust Canada Labour Force Survey overshadowed by US employment […]

By KBFX | June 8, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 5, 2020 – Canadian Dollar looking for a top

USD/CAD Open: 1.3486-90, Overnight Range: 1.3391-1.3513 WTI Oil is at $38.78 and gold is at $1,684.20. US markets are higher today. For today, USD resistance is at 1.3547. Support is at 1.3337. • Canadian dollar rises in early Toronto trading • Positive global risk sentiment driving US dollar lower • Oil production cut extensions expected […]

By KBFX | June 5, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 4, 2020 – Canadian Dollar rally stays firm

USD/CAD Open: 1.3512-14, Overnight Range: 1.3467-1.3541 WTI Oil is at $36.70 and gold is at $1,710.50. US markets are mixed today. For today, USD resistance is at 1.3547. Support is at 1.3493. • EURUSD slides even after Germany announces new stimulus • US weekly jobless claims expected to show improvement • Oil prices ease as […]

By KBFX | June 4, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 3, 2020 – Canadian Dollar rally stalls with oil retreat

USD/CAD Open: 1.3504-08, Overnight Range: 1.3480-1.3572 WTI Oil is at $36.81 and gold is at $1,693.80. US markets are higher today. For today, USD resistance is at 1.3578. Support is at 1.3410. • Oil rally derailed by reports of OPEC/Russia talks • Risk sentiment stays positive with global equity gains • Little impact expected from […]

By KBFX | June 3, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 2, 2020 – Canadian Dollar rally gathers steam

USD/CAD Open: 1.3502-06, Overnight Range: 1.3485-1.3585 WTI Oil is at $36.15 and gold is at $1,753.70. US markets are mixed today. For today, USD resistance is at 1.3560. Support is at 1.3491. • Economy reopening euphoria fueling risk sentiment • Global stock indexes climb-Wall Street poised to open with gains • OPEC/Russia rumoured to agree […]

By KBFX | June 2, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, June 1, 2020 – Canadian Dollar soars

USD/CAD Open: 1.3727-31, Overnight Range: 1.3583-1.3800 WTI Oil is at $34.77 and gold is at $1,752.40. US markets are higher today. For today, USD resistance is at 1.3656. Support is at 1.3558. • Upside surprise for China May PMI • Reports of OPEC/Russia meeting this week underpin crude prices The Canadian dollar soared overnight. Better […]

By KBFX | June 1, 2020 | Daily Update | 0 comments Read more >

Canadian Dollar Update, May 29, 2020 – Canadian Dollar firms with April GDP on tap

USD/CAD Open: 1.3750-54, Overnight Range: 1.3714-1.3832 WTI Oil is at $33.45 and gold is at $1,751.60. US markets are mixed today. For today, USD resistance is at 1.3865. Support is at 1.3759. • Canada April GDP fell 8% • Traders cautious ahead of Trump’s press conference • Eurozone data opens door to new ECB stimulus […]

By KBFX | May 29, 2020 | Daily Update | 0 comments Read more >