fbpx Skip to main content
Daily Updates

USD to CAD Update — June 11, 2020

By June 11, 2020February 23rd, 2024No Comments
The Canadian dollar is weaker by 0.7% this morning.  After the Fed press conference yesterday, attention has turned away from the positive impact of monetary stimulus on asset prices to the negative impact of the economic crisis which was the reason for the monetary stimulus in the first place.  The Fed did not actually make any news in terms of rates or its QE programs.  Instead, it was the cautious tone on the economy which received the most attention.  As sentiment has turned more cautious, risk is out of favour and currencies like the loonie are declining.  As has been the case in recent months most risk assets are moving in tandem, with equities oil down significantly as well.


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.