fbpx Skip to main content

Cart

Daily Updates

USD to CAD Morning Update — September 25, 2020

By September 25, 2020No Comments
It is a mixed day in the markets overall today but the US dollar strength continues.  The US currency is 0.2% against the Canadian dollar and is hovering near 7-week highs.  Given the weakness of oil (down 1% today) and the broad strength of the US dollar, the Canadian dollar is actually holding up well relative to its other G10 peers.  USD continues to benefit from negative sentiment globally as investors look for relative safe-havens.  Ironically, some of that negative sentiment emanates from the US where there is a risk that political stalemate will no allow for a deal on a fiscal relief package.  In addition, the resurgence of the virus in the fall in many major parts of the world continues to dampen any optimism about economic recovery.  We continue to expect volatility until there is further clarity from economic and health data about the status of the recovery.  


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.