Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
Divergent Fed and BoC monetary policy outlooks lifting Loonie. Lots of US data today, although the quality is questionable. US dollar opens with losses across the board. Merry Christmas and Happy New Year from Knightsbridge Foreign Exchange. This is the final commentary update of 2025, and will resume on January 5, 2026. We […]
Bank Of Japan hikes rates to 0.75% Global equity markets are ending the week quietly US dollar opened with small gains after quiet session USDCAD open: 1.3794, overnight range 1.3770-1.3798, close 1.3780, WTI 56.02, Gold 4328.22 The Canadian dollar is adrift in a dull holiday market. The only excitement today may come from the […]
US CPI data ahead Bank of England cuts rates in 5-4 decision US dollar opens mixed after quiet overnight session USDCAD open: 1.3779, overnight range 1.3768-1.3789, close 1.3787, WTI 55.84, Gold 4325.32 The Canadian dollar is lost and looking for direction as it bounces between support and resistance levels. FX markets have wound down […]
Oil rallies on Trump’s Venezuela blockade UK inflation numbers sink GBPUSD US dollar recoups some losses after mixed NFP data. USDCAD open: 1.3783, overnight range 1.3753-1.3796, close 1.3755, WTI 56.45, Gold 4317.80 The Canadian dollar turned tail after yesterday’s US nonfarm payrolls numbers failed to confirm the need for aggressive Fed rate cuts. However, […]
Traders looking ahead to major central bank meetings (BoE, ECB and BoJ) US NFP data for October and November due tomorrow US dollar inches lower in quiet overnight session USDCAD open: 1.3775, overnight range 1.3758-1.3777, close 1.3774, WTI 57.12, Gold 4337.72. The Canadian dollar is trading sideways in a narrow range, with traders awaiting […]
Positive risk sentiment lifts global stocks and weighs on US dollar WTI oil prices trading defensively US dollar consolidating losses USDCAD open: 1.3759, overnight range 1.3755-1.3782, close 1.3772, WTI 57.58, Gold 4330.58. The Canadian dollar rallied on the back of broad US dollar weakness due to divergent BoC and Fed monetary policy outlooks. The […]
Fed rate cut and BoC hold give Loonie a lift Global equities are mixed after Oracle earnings miss estimates US dollar falls but is off its worst levels USDCAD open: 1.3805, overnight range 1.3785-1.3923, close 1.3794, WTI 57.57, Gold 4216.96. The Canadian dollar traded little changed after the Bank of Canada left interest rates […]
Global FX markets trade quietly in dull overnight session Fed to cut, BoC to hold US dollar slips modestly and opens in NY mostly softer USDCAD open: 1.3853, overnight range 1.3844-1.3859, close 1.3845, WTI 58.6, Gold 4193.82. The Canadian dollar was directionless overnight, as markets stayed on the sidelines ahead of today’s Bank of […]
European equity markets trading defensively RBA leaves rates unchanged US dollar trading clawing back losses USDCAD open: 1.3842, overnight range 1.3838-1.3858, close 1.3859, WTI 59.03, Gold 4204.41 The Canadian dollar gave back some of yesterdays gains in another quiet overnight session. The US dollar caught a bit of a bid due to mild risk-off […]
Canadian jobs reports boosts Loonie Central bank meetings this week include Fed, BoC, RBA and SNB US dollar trading defensively USDCAD open: 1.3825, overnight range 1.3804-1.3836, close 1.3818, WTI 59.50, Gold 4203.60 The Canadian dollar soared on Friday following the stronger-than-expected Canadian employment data. Canada gained 53,600 new jobs in November on top of […]
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