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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 grinding out gains

USD/CAD Open: 1.3378-82, Overnight Range: 1.3372-1.3415,  Previous Close: 1.3409 WTI Oil open at $72.02 and gold open at $2,042.49. US markets are mixed today. For today, USD resistance is at 1.3396. Support is at 1.3354.   BoC Governor Macklem provides year end update today. Markets pricing 150 bps of Fed easing in 2024. US dollar […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar marking time

USD/CAD Open: 1.3594-98, Overnight Range: 1.3570-1.3605,  Previous Close: 1.3584 WTI Oil open at $70.55 and gold open at $1,993.04. US markets are higher today. For today, USD resistance is at 1.3580. Support is at 1.3568.   China inflation reports weaker than expected. US and Canadian economic data calendars are empty today. US dollar opens firmer […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding higher

USD/CAD Open: 1.3573-77, Overnight Range: 1.3571-1.3603,  Previous Close: 1.3601 WTI Oil open at $70.49 and gold open at $2,029.84. US markets are higher today. For today, USD resistance is at 1.3599. Support is at 1.3572.   NFP expected to rise to 180k from 150k. Economists suggest BoC could cut rates as soon as March. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar shrugs off BoC statement

USD/CAD Open: 1.3586-90, Overnight Range: 1.3584-1.3608,  Previous Close: 1.3593 WTI Oil open at $69.98 and gold open at $2,033.76. US markets are higher today. For today, USD resistance is at 1.3610. Support is at 1.3582.   Traders ignore news that BoC left rate on hold. Bank of Japan gearing up to end negative rate policy. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar wandering-BoC ahead

USD/CAD Open: 1.3578-82, Overnight Range: 1.3558-1.3595,  Previous Close: 1.3593 WTI Oil open at $71.83 and gold open at $2,022.64. US markets are lower today. For today, USD resistance is at 1.3605. Support is at 1.3581.   US Treasury yields hovering near recent lows. BoC expected to deliver a hawkish hold. US dollar opens narrowly mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks under broad USD demand

USD/CAD Open: 1.3561-65, Overnight Range: 1.3531-1.3579,  Previous Close: 1.3538 WTI Oil open at $73.42 and gold open at $2,025.69. US markets are mixed today. For today, USD resistance is at 1.3592. Support is at 1.3553.   Moody’s downgrades China to A! negative. RBA delivers dovish hold. US dollar rallies across the board.   The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally rests

USD/CAD Open: 1.3542-46, Overnight Range: 1.3480-1.3556,  Previous Close: 1.3498 WTI Oil open at $73.46 and gold open at $2,068.47. US markets are lower today. For today, USD resistance is at 1.3576. Support is at 1.3522.   Bank of Canada meeting on Wednesday. Markets continue to assess Fed Powell’s comments. US dollar bounces off Friday’s lows. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting into Retail Sales

USD/CAD Open: 1.3687-91, Overnight Range: 1.3681-1.3712,  Previous Close: 1.3692 WTI Oil open at $76.75 and gold open at $1,996.02. US markets are mixed today. For today, USD resistance is at 1.3653. Support is at 1.3608.   Canadian Retail Sales expected to have fallen 0.2% y/y in September. Unofficial “Black Friday” in US will lead to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting CPI

USD/CAD Open: 1.3703-08, Overnight Range: 1.3700-1.3732,  Previous Close: 1.3724 WTI Oil open at $77.57 and gold open at $1,988.77. US markets are lower today. For today, USD resistance is at 1.3730. Support is at 1.3667.   Canadian inflation expected to have cooled in October. FOMC minutes due at 2:00 pm ET. US dollar opens mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar stagnating

USD/CAD Open: 1.3708-12, Overnight Range: 1.3690-1.3728,  Previous Close: 1.3722 WTI Oil open at $76.98 and gold open at $1,975.89. US markets are higher today. For today, USD resistance is at 1.3743. Support is at 1.3707.   Opec rumoured to be considering production cuts. Canadian inflation data due tomorrow. US dollar finishing the week with sharp […]

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