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. November 20, 2020 – Canadian Dollar Gets Rating Agency Bump

USD/CAD Open: 1.3061-65, Overnight Range: 1.3039-1.3088 WTI Oil is at $41.82 and gold is at $1,873.40. US markets are mixed today. For today, USD resistance is at 1.3080. Support is at 1.3020. • Canada AAA at Moody’s • Brexit deal hopes underpin GBPUSD • New Housing and Retail Sales for Canada ahead The Canadian dollar […]

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Canadian Dollar Update, November 19, 2020 – Canadian Dollar Pressured by Poor Risk Sentiment

USD/CAD Open: 1.3112-16, Overnight Range: 1.3069-1.3123 WTI Oil is at $41.61 and gold is at $1,861.40. US markets are mixed today. For today, USD resistance is at 1.3130. Support is at 1.3042. • Rising COVID-19 cases spook markets • US weekly jobless claims on tap • US dollar grinds higher overnight The Canadian dollar has […]

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Canadian Dollar Update, November 18, 2020 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.3061-65, Overnight Range: 1.3040-1.3117 WTI Oil is at $41.95 and gold is at $1,880.00. US markets are higher today. For today, USD resistance is at 1.3097. Support is at 1.3010. • Canada October CPI ahead-forecast 0.2% m/m • Eurozone and UK data have limited impact on FX • US opens lower compared to […]

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Canadian Dollar Update, November 17, 2020 – Canadian Dollar Trades in Narrow Range

USD/CAD Open: 1.3067-71, Overnight Range: 1.3063-1.3116 WTI Oil is at $40.89 and gold is at $1,885.40. US markets are mixed today. For today, USD resistance is at 1.3133. Support is at 1.3078. • Positive risk sentiment starts to wane • EU/UK Brexit rumours support GBPUSD • US Retail Sales for sixth consecutive month The Canadian […]

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Canadian Dollar Update, November 16, 2020 – Canadian Dollar Gains with COVID-19 Vaccine Hopes

USD/CAD Open: 1.3117-21, Overnight Range: 1.3065-1.3135 WTI Oil is at $41.16 and gold is at $1,887.30. US markets are higher today. For today, USD resistance is at 1.3110. Support is at 1.3056. • Mild “risk on” sentiment for markets • COVID-19 vaccine news lifts equities • US dollar opens on the defensive The Canadian dollar […]

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Canadian Dollar Update, November 13, 2020 – Canadian Dollar Feeling “Unlucky”

USD/CAD Open: 1.3119-23, Overnight Range: 1.3116-1.3172 WTI Oil is at $40.30 and gold is at $1,885.70. US markets are higher today. For today, USD resistance is at 1.3189. Support is at 1.3114. • Friday the 13th looking unlucky for Loonie • Traders are cautious as US Coronavirus cases surge • US dollar poised to end […]

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Canadian Dollar Update, November 12, 2020 – Canadian Dollar Drifting Lower

USD/CAD Open: 1.3064-68, Overnight Range: 1.3051-1.3149 WTI Oil is at $42.18 and gold is at $1,877.30. US markets are mixed today. For today, USD resistance is at 1.3160. Support is at 1.3080. • Canadian dollar softer on renewed US dollar demand • US election drama weighs on risk sentiment • Global equities on the defensive […]

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Canadian Dollar Update, November 11, 2020 – Canadian Dollar Consolidating Gains

USD/CAD Open: 1.3035-39, Overnight Range: 1.3008-1.3076 WTI Oil is at $42.23 and gold is at $1,863.90. US markets are higher today. For today, USD resistance is at 1.3109. Support is at 1.3019. • US Politics and COVID-19 driving risk sentiment • RBNZ less dovish than expected: NZDUSD soars • US dollar firms and grinding out […]

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Canadian Dollar Update, November 10, 2020 – Canadian Dollar Rally Deflates

USD/CAD Open: 1.3039-43, Overnight Range: 1.2984-1.3050 WTI Oil is at $41.29 and gold is at $1,875.70. US markets are mixed today. For today, USD resistance is at 1.3030. Support is at 1.2981. • Yesterday’s COVID-19 vaccine euphoria fades • UK House of Lords rejects parts of Internal Markets Bill • US dollar firms against majors, […]

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Canadian Dollar Update, November 5, 2020 – Canadian Dollar Making a Move

USD/CAD Open: 1.3118-22, Overnight Range: 1.3037-1.3043 WTI Oil is at $38.46 and gold is at $1,950.70. US markets are higher today. For today, USD resistance is at 1.3071. Support is at 1.3019. • Canadian dollar drives higher in early Toronto trading • US election is still undecided • Global “risk-on” rally sinks US dollar Canadian […]

By Admin | November 5, 2020 | Daily Update | 0 comments Read more >