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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 adds to losses

USD/CAD Open: 1.3634-38, Overnight Range: 1.3616-1.3641,  Previous Close: 1.3627 WTI Oil open at $77.30 and gold open at $1,998.82. US markets are mixed today. For today, USD resistance is at 1.3656. Support is at 1.3631.   Negative risk sentiment sinks commodity currency bloc. WTI oil rally has lost momentum. US dollar opens mixed, gives back […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar continues to fall

USD/CAD Open: 1.3571-75, Overnight Range: 1.3527-1.3599,  Previous Close: 1.3541 WTI Oil open at $78.49 and gold open at $1,987.99. US markets are lower today. For today, USD resistance is at 1.3659. Support is at 1.3625.   Traders looking for direction from US data. US 10-Treasury yield slides to 3.445% US dollar trading with a mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding lower

USD/CAD Open: 1.3535-39, Overnight Range: 1.3525-1.3566,  Previous Close: 1.3540 WTI Oil open at $77.69 and gold open at $1,983.49. US markets are lower today. For today, USD resistance is at 1.3574. Support is at 1.3504.   EURUSD firms following Ifo data. US equity futures trading sideways. US dollar opens on a mixed note after trading […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar remains under pressure

USD/CAD Open: 1.3523-27, Overnight Range: 1.3474-1.3532,  Previous Close: 1.3477 WTI Oil open at $77.30 and gold open at $1,986.18. US markets are higher today. For today, USD resistance is at 1.3559. Support is at 1.3521.   Falling commodity prices weighing on Canadian dollar. Eurozone data and hawkish ECB outlook support EURUSD. US dollar grinds higher […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar technicals flip to bearish

USD/CAD Open: 1.3429-33, Overnight Range: 1.3387-1.3449,  Previous Close: 1.3388 WTI Oil open at $79.36 and gold open at $1,974.85. US markets are mixed today. For today, USD resistance is at 1.3470. Support is at 1.3441.   Eurozone inflation as expected while UK inflation gain surprises. WTI oil prices dip below support. US dollar rebounds-AUD and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar feeling perky

USD/CAD Open: 1.3314-18, Overnight Range: 1.3316-1.3342,  Previous Close: 1.3340 WTI Oil open at $82.46 and gold open at $2,039.00. US markets are lower today. For today, USD resistance is at 1.3401. Support is at 1.3359.   US Retail Sales data and Michigan Consumer Sentiment Index ahead. Gold bulls targeting all-time peak. US opens softer and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar attempting to break higher

USD/CAD Open: 1.3394-98, Overnight Range: 1.3389-1.3447,  Previous Close: 1.3442 WTI Oil open at $83.14 and gold open at $2,026.60. US markets are higher today. For today, USD resistance is at 1.3349. Support is at 1.3331.   BoC leaves rates unchanged. FOMC minutes point to another rate increase. US dollar extends yesterday’s post-CPI slide overnight. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting higher

USD/CAD Open: 1.3453-58, Overnight Range: 1.3451-1.3469,  Previous Close: 1.3464 WTI Oil open at $81.77 and gold open at $2,010.92. US markets are higher today. For today, USD resistance is at 1.3498. Support is at 1.3411.   Bank of Canada expected to leave rates unchanged today. US CPI and FOMC minutes on tap. US dollar traded […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar looking ahead to jobs data

USD/CAD Open: 1.3474-78, Overnight Range: 1.3449-1.3488,  Previous Close: 1.3457 WTI Oil open at $80.34 and gold open at $2,019.68. US markets are higher today. For today, USD resistance is at 1.3506. Support is at 1.3458.   Canada expected to have gained 12,000 jobs in March. Risk sentiment is mildly negative heading into Easter weekend. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar JOLTED

USD/CAD Open: 1.3473-77, Overnight Range: 1.3428-1.3482,  Previous Close: 1.3444 WTI Oil open at $80.41 and gold open at $2,024.79.75. US markets are mixed today. For today, USD resistance is at 1.3475. Support is at 1.3452.   JOLTS job openings surprise raises odds the Fed leaves rates unchanged. RBNZ surprises with a 50 bp rate hike. […]

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