fbpx Skip to main content
Daily Updates

USD to CAD Morning Update — September 15, 2020

By September 15, 2020February 23rd, 2024No Comments
The Canadian dollar is up 0.2% this morning on improved global sentiment and trading right around the Interchange Financial Short Term Consensus Forecast of 1.315.  The equity markets are up for a second day in a row after a volatile few prior sessions.  Oil is up 0.7%, though longer term demand concerns continue to percolate.  The prospect of a Biden election victory is beginning to be a risk on the horizon for Canadian oil in particular.  Tomorrow’s Fed meeting is now in full focus with the expectation that the US central bank will not move rates until February of 2023.  Surveys indicate that such an expectation is already baked into market pricing but if the Fed does directly communicate that fact tomorrow, the US dollar will be softer.  Also tomorrow, August inflation figures will be out in Canada.  While the data tends to be fickle, especially in light of the unusual circumstances, if the figure is substantially above the 0.6% forecast, we may see some firming up of the Canadian dollar.


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.