Sticky Registration Sticky Customer Support

Daily Currency Update

Get access to our expert daily market analysis and discover and track your currency pair using our exchange rate tools.

FX Daily Snapshot USD fails to follow risk-off

Following a risk-off session in the US, Asia’s session has started off with Asian equities largely with a weak tone, while USD has pared back a bit of its gains vs G10 and most of EM amid a relatively quiet session in terms of news flow. In the US, the Senate confirmed Amy Coney Barrett to the Supreme Court ahead of next week’s election. Meanwhile, the government-sponsored clinical trial with Eli Lilly’s antibody therapy drug (in combination with remdesivir) will end after researchers determined that it is unlikely to help hospitalized patients with extreme COVID cases, though Eli Lilly plans to continue other trials with its drug for patients recently diagnosed and experiencing mild to moderate cases.

Day ahead: The data calendar is light today, with durable goods, Conf. Board consumer confidence, Richmond Fed mfg. index in the US. Central bank speakers include RBA’s Bullock & ECB’s Hernandez de Cos, and Q3 earnings releases continue in the US (e.g. Microsoft). This leaves FX tracking the broader moves in the external backdrop ahead of month-end later this week and the US election next week.

CAD: Monday’s broad risk off move has ended the short- term downtrend in USD/CAD, with the bullish trend reversal above 1.3156 clearing the way for a test of 1.3259 next. Additional resistance comes in at 1.3344, with support now located at 1.3178 and 1.3141.

Currency Chart

Get access to our market experts and sign up to receive the latest updates on any currency with our real-time exchange rate reports.

Sign up to receive the latest market news from our experts.

Daily Currency Updates
Daily Market Analysis
Get daily intelligence and currency reports directly to your inbox.
Weekly FX Technical Analysis
Weekly Technical Analysis
Get our weekly technical analysis providing valuable insights.
Monthly Currency Outlook
Monthly Currency Outlook
Receive our monthly currency report and help improve your forecasts.

By entering your email address you agree to the MTFX Terms Of Use and MTFX Privacy Policy and agree and agree to receive sales and marketing communications. Unsubscribe at anytime.


Individuals and businesses who need to send money in foreign currency internationally can use MTFX’s services. The beneficiary of the transfer must have a bank account for the funds to be paid into. Personal clients usually use our services to transfer money between their own accounts in two different countries. Business clients usually use our services to transfer funds to suppliers, fund international operations, or repatriate overseas earnings.
MTFX offers currency exchange rates that are 2-5% better than those offered by the banks. Personal clients usually save hundreds of dollars per transfer and for larger transfers, the savings can run into the thousands. We also offer excellent customer service, dedicated currency specialists, and a 24/7 online platform with best-in-class technology that allows you to complete transfers from any device virtually anywhere in the world. Business customers save with better currency exchange rates and proven solutions geared towards managing and mitigating foreign exchange risk. Our solutions include forward contracts, market orders, rate alert services, and much more - all backed by great technology and great people.
Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT), or ACH payment services. MTFX maintains bank accounts in all major currencies with highly-rated banks. Our banking infrastructure ensures that you can transfer funds to us quickly and securely.
Our global network of banking partners allows us to get funds to virtually anywhere in the world quickly and efficiently. Most wire transfers from MTFX will be received by your beneficiary within 24-48 hours. MTFX also offers same-day transfers that are almost instantaneous, as well as low-cost in-country payment services for your less urgent transfers. For further information please speak to one of our currency specialists.