fbpx Skip to main content
Daily Updates

USD to CAD Morning Update — July 30, 2020

By July 30, 2020February 23rd, 2024No Comments
The US dollar is having its first notable daily move up in about two weeks — the US currency is currently up 0.7% against the Canadian dollar.  Despite all the talk about the end of US dollar hegemony, as soon as the global economic picture looks murky, investors move to the US dollar.  This morning, uncertainty about the US federal Covid aid package as well as rising US cases have led to a risk-off mood.  That sense was compounded by the fact that second quarter GDP was down 33% and unemployment figures for the week were just as bad as expected.  As a result, equities are down, oil is down and gold is trading down as well.  Monthly GDP figures in Canada will be released tomorrow and will be a very good indication about the robustness (or lack thereof) of the reopenings.


Are you looking for a better exchange rate?

Get the best exchange rate

Receive daily updates on Canadian dollar

Account to Account Service at Interchange Currency Exchange

Account to Account

If you have US dollar bank account in Canada and are looking to convert in your bank account at better rates than offered by your bank, then this service is for you.

Cash transactions at Interchange Currency Exchange

Cash

We have exchange rates that are much better than the banks and we charge no fees.

Money Transfer services at Interchange Financial

Money Transfer

If you are transferring money internationally or receiving money from overseas, we can help you save money as well because of our better exchange rates.