fbpx Skip to main content

Are you looking for a better exchange rate?

Get the best exchange rate

Receive daily updates on Canadian dollar


Daily Updates

USD to CAD Morning Update — September 1, 2020

By September 1, 2020February 23rd, 2024No Comments
The US dollar decline continues in modest but steady fashion.  This morning, the US dollar is again weaker overall but flat against the Canadian dollar.  In Canada, the August manufacturing PMI to be released later this morning will be give us a sense of industrial recovery in Canada but specific economic indicators are not particularly impactful on USD CAD at the moment.  What is overwhelming everything else is USD weakness.  The US dollar index (DXY) is roughly 3% away from a six-year low.  In that context, the Canadian dollar has actually been an underperformer over the last few months.  Since the beginning of June, the Euro is up 8% against the Greenback while the Loonie is up only 5%.  The strong recovery in energy prices makes CAD’s relative under-performance stand out even more.  Sentiment and trading positions remain decidedly negative on USD.

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.