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Daily Update

Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.

canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds

USD/CAD Open: 1.3447-51, Overnight Range: 1.3443-1.3484,  Previous Close: 1.3477 WTI Oil open at $76.70 and gold open at $2,023.61. US markets are mixed today. For today, USD resistance is at 1.3457. Support is at 1.3436.   Core-PCE inflation expected to fall. Focus shifting to FOMC meeting. US dollar is rangebound, but CAD outperforms.   The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gives back gains

USD/CAD Open: 1.3474-78, Overnight Range: 1.3453-1.3486,  Previous Close: 1.3479 WTI Oil open at $74.24 and gold open at $2,024.99. US markets are lower today. For today, USD resistance is at 1.3508. Support is at 1.3463.   Loonie ignores oil price rise. BoJ leaves rates unchanged as expected. US dollar trades quietly and opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar outperforms G-10 currencies

USD/CAD Open: 1.3422-26, Overnight Range: 1.3414-1.3447,  Previous Close: 1.3430 WTI Oil open at $73.45 and gold open at $2,022.81. US markets are higher today. For today, USD resistance is at 1.3492. Support is at 1.3467.   Loonie rises on prospect of hawkish BoC outcome. BoJ and ECB monetary policy meetings this week. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar falls further

USD/CAD Open: 1.3493-97, Overnight Range: 1.3423-1.3500,  Previous Close: 1.3426 WTI Oil open at $73.20 and gold open at $2,040.90. US markets are lower today. For today, USD resistance is at 1.3504. Support is at 1.3486.   Canadian inflation data due today. Risk sentiment turns negative. US dollar rallies across the board-AUD underperforms,   The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets chilly reception

USD/CAD Open: 1.3415-19, Overnight Range: 1.3382-1.3426,  Previous Close: 1.3410 WTI Oil open at $72.24 and gold open at $2,053.43. US markets are mixed today. For today, USD resistance is at 1.3460. Support is at 1.3417.   Slumping oil prices weigh on Canadian dollar. Market activity subdued because of US holiday. US dollar firms on risk […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar fading

USD/CAD Open: 1.3371-75, Overnight Range: 1.3366-1.3397,  Previous Close: 1.3392 WTI Oil open at $72.21 and gold open at $2,035.01. US markets are higher today. For today, USD resistance is at 1.3388. Support is at 1.3374.   Global markets in limbo until US inflation data, Thursday WTI inches higher on escalating Red Sea tensions. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks

  FOMC minutes due today. Oil prices remain soft. US dollar consolidating yesterday’s gains. AUD underperforms.   The Canadian dollar had a bad day yesterday, but it wasn’t alone. US dollar bulls returned with a vengeance and lifted the US dollar index (DXY) from yesterday’s low of 101.03 to 102.20 overnight. The Canadian dollar also […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar consolidating gains, again

USD/CAD Open: 1.3351-55, Overnight Range: 1.3339-1.3372,  Previous Close: 1.3369 WTI Oil open at $73.92 and gold open at $2,034.03. US markets are higher today. For today, USD resistance is at 1.3290. Support is at 1.3271.   Global markets in full holiday mode. October Retail Sales rise less than expected. US dollar mixed but lower from […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting into Canada CPI

USD/CAD Open: 1.3385-89, Overnight Range: 1.3391-1.3403,  Previous Close: 1.3400 WTI Oil open at $72.92 and gold open at $2,025.67. US markets are higher today. For today, USD resistance is at 1.3351. Support is at 1.3322.   Canadian inflation expected to have cooled in November. Bank of Japan leaves policy unchanged. US dollar trades defensively but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding out gains

USD/CAD Open: 1.3380-84, Overnight Range: 1.3366-1.3389,  Previous Close: 1.3380 WTI Oil open at $71.33 and gold open at $2,019.28. US markets are higher today. For today, USD resistance is at 1.3410. Support is at 1.3385.   Bank of Japan could tweak monetary policy tonight. German Ifo data weaker than expected. US dollar claws back some […]

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