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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 gains ahead of US CPI

USD/CAD Open: 1.3400-04, Overnight Range: 1.3388-1.3424,  Previous Close: 1.3423 WTI Oil open at $84.19 and gold open at $1,921.02. US markets are higher today. For today, USD resistance is at 1.3428. Support is at 1.3377.   US inflation expected to fall slightly. China relaxes group travel restrictions, improving risk sentiment in Asia. US dollar trading […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar resurfaces

USD/CAD Open: 1.3416-20, Overnight Range: 1.3405-1.3430,  Previous Close: 1.3418 WTI Oil open at $83.68 and gold open at $1,936.04. US markets are lower today. For today, USD resistance is at 1.3435. Support is at 1.3408.   China inflation is lower than expected. Markets sidelined ahead of US CPI data, tomorrow. US dollar gives back some […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks on risk aversion

USD/CAD Open: 1.3310-14, Overnight Range: 1.3266-1.3316,  Previous Close: 1.3282 WTI Oil open at $81.88 and gold open at $1,949.75. US markets are lower today. For today, USD resistance is at 1.3361. Support is at 1.3331.   Fitch Ratings downgrades US debt rating. Risk sentiment sours again. US dollar in demand, commodity currency bloc underperforms.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar erases gain

USD/CAD Open: 1.3258-62, Overnight Range: 1.3187-1.3273,  Previous Close: 1.3189 WTI Oil open at $81.36 and gold open at $1,957.06. US markets are mixed today. For today, USD resistance is at 1.3310. Support is at 1.3274.   Risk sentiment sours after weak China PMI data. Eurozone unemployment rate inches lower. US dollar gains across the board-AUD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar clawing back losses

USD/CAD Open: 1.3225-29, Overnight Range: 1.3216-1.3261,  Previous Close: 1.3253 WTI Oil open at $81.14 and gold open at $1,956.98. US markets are higher today. For today, USD resistance is at 1.3200. Support is at 1.3176.   Oil prices rising on record demand. Month-end portfolio rebalancing flows weighing on US dollar. US dollar trading with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting GDP

USD/CAD Open: 1.3222-26, Overnight Range: 1.3221-1.3247,  Previous Close: 1.3225 WTI Oil open at $79.89 and gold open at $1,952.25. US markets are higher today. For today, USD resistance is at 1.3247. Support is at 1.3209.   Canada GDP expected to have risen 0.3% m/m in May. Bank of Japan surprises market by tweaking YCC. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar is resilient in face of Fed hike

  Fed hikes and repeats next move is “data dependent.” The Canadian dollar experience some volatility following the widely expected 25 basis points (bp) rate hike by the Fed. The Federal Open Market Committee (FOMC) raised the overnight rate to 5.50%, reaching a twenty-two-year peak, and issued a somewhat hawkish statement, hinting that further rate […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar supported by improved risk sentiment

USD/CAD Open: 1.3162-66, Overnight Range: 1.3149-1.3187,  Previous Close: 1.3168 WTI Oil open at $78.65 and gold open at $1,957.25. US markets are higher today. For today, USD resistance is at 1.3181. Support is at 1.3163.   China’s targeted stimulus boosts risk sentiment. Commodity prices gain on China news. US dollar opens little changed from close. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gives back early morning gains

USD/CAD Open: 1.3162-66, Overnight Range: 1.3121-1.3171,  Previous Close: 1.3164 WTI Oil open at $75.67 and gold open at $1,980.97. US markets are mixed today. For today, USD resistance is at 1.3183. Support is at 1.3165.   US weekly jobless claims are better than expected. Sterling drops as trades reprice BoE rate hikes. US dollar continues […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting CPI

USD/CAD Open: 1.3192-96, Overnight Range: 1.3187-1.3211,  Previous Close: 1.3200 WTI Oil open at $74.72 and gold open at $1,963.45. US markets are higher today. For today, USD resistance is at 1.3181. Support is at 1.3157.   Canada CPI expected to fall to 3.0% y/y from 3.4% in May. US Retail Sales expected to rise 0.5% […]

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