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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 stagnates

USD/CAD Open: 1.3671, Overnight Range: 1.3663-1.3685,  Previous Close: 1.3668 WTI Oil open at $79.11 and gold open at $2,346.06. US markets are higher today. For today, USD resistance is at 1.3657. Support is at 1.3650.   Fed Chair Powell speaks at 10 am. Producer Prices expected to have risen slightly in April. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar focus shifts to US inflation numbers

USD/CAD Open: 1.3681, Overnight Range: 1.3668-1.3690,  Previous Close: 1.3673 WTI Oil open at $78.42 and gold open at $2,340.10. US markets are mixed today. For today, USD resistance is at 1.3676. Support is at 1.3661.   Loonie unable to keep gains following Friday’s jobs data. Markets awaiting US PPI and CPI data this week. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar awaiting jobs data

USD/CAD Open: 1.3684, Overnight Range: 1.3672-1.3691,  Previous Close: 1.3679 WTI Oil open at $79.85 and gold open at $2,372.82. US markets are mixed today. For today, USD resistance is at 1.3683. Support is at 1.3662.   Canada expected to gain 18,000 jobs. Better-than-expected UK data underpins GBP. US dollar opens lower-Gold and MXN outperform. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar is directionally challenged

USD/CAD Open: 1.3729, Overnight Range: 1.3718-1.3738,  Previous Close: 1.3722 WTI Oil open at $79.48 and gold open at $2,307.44. US markets are higher today. For today, USD resistance is at 1.3687. Support is at 1.3669.   Bank of England leaves rates unchanged at 5.25%, as expected. Bank of Canada’s quarterly FSR report on tap. USD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar sinks

USD/CAD Open: 1.3747, Overnight Range: 1.3721-1.3761,  Previous Close: 1.3728 WTI Oil open at $77.44 and gold open at $2,311.03. US markets are mixed today. For today, USD resistance is at 1.3727. Support is at 1.3717.   Hawkish Fed comments from Neel Kashkari sinks Loonie. More Fed-speak today but no data. USD dollar opens higher with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar idling

USD/CAD Open: 1.3684, Overnight Range: 1.3660-1.3692,  Previous Close: 1.3666 WTI Oil open at $78.34 and gold open at $2,313.77. US markets are mixed today. For today, USD resistance is at 1.3744. Support is at 1.3721.   Equities rally but US dollar retreats. RBA surprises with mildly dovish tilt. USD dollar grinds out small gains. The […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian Dollar struggling

USD/CAD Open: 1.3676, Overnight Range: 1.3672-1.3698,  Previous Close: 1.3687 WTI Oil open at $78.92 and gold open at $2,321.18. US markets are higher today. For today, USD resistance is at 1.3679. Support is at 1.3662.   Canadian dollar missing out on improved risk sentiment. UK markets closed today. USD dollar starts the week on the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Climbs as risk sentiment improves

USD/CAD Open: 1.3665, Overnight Range: 1.3655-1.3678,  Previous Close: 1.3674 WTI Oil open at $78.90 and gold open at $2,301.34. US markets are higher today. For today, USD resistance is at 1.3688. Support is at 1.3673.   Rate cut hopes buoyed by Powell comments. Nonfarm payrolls forecast 243,000. USD dollar drifts drops on Fed rate cut […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar survives the Fed

USD/CAD Open: 1.3718, Overnight Range: 1.3705-1.3743,  Previous Close: 1.3740 WTI Oil open at $79.69 and gold open at $2,301.85. US markets are higher today. For today, USD resistance is at 1.3678. Support is at 1.3660.   Fed sticks to its plan. Bank of Japan intervenes again. USD consolidating yesterday’s post-FOMC losses. The Canadian dollar sank […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Sinks into FOMC meeting

USD/CAD Open: 1.3773, Overnight Range: 1.3767-1.3784,  Previous Close: 1.3780 WTI Oil open at $80.43 and gold open at $2,291.93. US markets are higher today. For today, USD resistance is at 1.3785. Support is at 1.3750.   Fed expected to adopt a hawkish bias. Governor Tiff Macklem address Senate Banking Committee. USD opens with a bid, […]

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