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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 struggles with sliding oil prices

USD/CAD Open: 1.3723-27, Overnight Range: 1.3719-1.3772,  Previous Close: 1.3757 WTI Oil open at $73.66 and gold open at $1,991.66. US markets are higher today. For today, USD resistance is at 1.3756. Support is at 1.3701.   WTI oil down 7.0% since Tuesday. Market rate cut optimism offset by Fed caution. US dollar finishing the week […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally stalls

USD/CAD Open: 1.3700-04, Overnight Range: 1.3677-1.3736,  Previous Close: 1.3682 WTI Oil open at $76.56 and gold open at $1,964.97. US markets are mixed today. For today, USD resistance is at 1.3764. Support is at 1.3739.   US 10-year Treasury yields rebound from recent low. Plenty of Fed-speak and US data to keep traders interested. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar pummelled by Powell

USD/CAD Open: 1.3807-11, Overnight Range: 1.3791-1.3821,  Previous Close: 1.3806 WTI Oil open at $76.42 and gold open at $1,954.01. US markets are higher today. For today, USD resistance is at 1.3822. Support is at 1.3778.   Fed Chair warns interest rates could still go higher. US 10 Treasury yields jump. US dollar opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar has oil headache

USD/CAD Open: 1.3778-82, Overnight Range: 1.3755-1.3793,  Previous Close: 1.3767 WTI Oil open at $76.81 and gold open at $1,961.99. US markets are mixed today. For today, USD resistance is at 1.3802. Support is at 1.3783.   Oil prices are free-falling. Markets are looking for fresh guidance from Fed chair Powell today. US dollar opens higher […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar bounces back

USD/CAD Open: 1.3641-45, Overnight Range: 1.3629-1.3667,  Previous Close: 1.3658 WTI Oil open at $81.95 and gold open at $1,987.26. US markets are higher today. For today, USD resistance is at 1.3709. Support is at 1.3691.   Dovish Fed and soft data weigh on US dollar. Canadian dollar soars on belief US tightening cycle is over. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar not getting any treats

USD/CAD Open: 1.3815-19, Overnight Range: 1.3814-1.3852,  Previous Close: 1.3826 WTI Oil open at $82.86 and gold open at $1,997.57. US markets are higher today. For today, USD resistance is at 1.3892. Support is at 1.3855.   Canadian economy may have grown just 0.1% in August. US data and month-end rebalancing flows may be disruptive. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar bounces back

USD/CAD Open: 1.3685-89, Overnight Range: 1.3661-1.3700,  Previous Close: 1.3691 WTI Oil open at $85.92 and gold open at $1,967.16. US markets are higher today. For today, USD resistance is at 1.3768. Support is at 1.3709.   Bond traders roil markets-Treasury yields tumble. Oil prices drift lower on mildly improved risk sentiment. US dollar opens with […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar trading with a mixed bias

USD/CAD Open: 1.3630-34, Overnight Range: 1.3606-1.3645,  Previous Close: 1.3611 WTI Oil open at $85.61 and gold open at $1,923.03. US markets are mixed today. For today, USD resistance is at 1.3663. Support is at 1.3642.   Canadian inflation data could cause some fireworks. US Retail Sales may reignite US dollar demand. US dollar consolidating recent […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar consolidating

USD/CAD Open: 1.3485-89, Overnight Range: 1.3482-1.3514,  Previous Close: 1.3498 WTI Oil open at $93.47 and gold open at $1,875.99. US markets are higher today. For today, USD resistance is at 1.3502. Support is at 1.3478.   WTI oil prices surge to $95.03 /b overnight. Treasury yields continue to climb. CAD dollar best performing currency overnight. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading quietly

USD/CAD Open: 1.3466-70, Overnight Range: 1.3470-1.3491,  Previous Close: 1.3482 WTI Oil open at $90.32 and gold open at $1,922.87. US markets are lower today. For today, USD resistance is at 1.3495. Support is at 1.3442.   US Treasury yields testing 4.50% area. Soft German data weighs on EURUSD. US dollar grinding out gains.   The […]

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