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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 - knightsbridgefx

Canadian Dollar Update – Canadian Dollar awaiting GDP

USD/CAD Open: 1.3687, Overnight Range: 1.3657-1.3701,  Previous Close: 1.3662 WTI Oil open at $82.72 and gold open at $2,314.77. US markets are lower today. For today, USD resistance is at 1.3807. Support is at 1.3747.   Eurozone Q1 GDP 0.3%q/q (forecast 0.1%)-EURUSD unimpressed. Canada GDP expected to have risen 0.3% in February. USD opens mixed: […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar opens nearly unchanged from Friday

USD/CAD Open: 1.3655, Overnight Range: 1.3632-1.3672,  Previous Close: 1.3670 WTI Oil open at $83.59 and gold open at $2,343.34. US markets are higher today. For today, USD resistance is at 1.3674. Support is at 1.3653.   US Core PCE Price index expected at 2.6% y/y (previous 2.8%) Tame BoJ sinks yen. US dollar trades defensively […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar rising

USD/CAD Open: 1.3657, Overnight Range: 1.3637-1.3663,  Previous Close: 1.3659 WTI Oil open at $83.93 and gold open at $2,349.39. US markets are higher today. For today, USD resistance is at 1.3688. Support is at 1.3642.   US Core PCE Price index expected at 2.6% y/y (previous 2.8%) Tame BoJ sinks yen. US dollar trades defensively […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar firming ahead of US GDP

USD/CAD Open: 1.3677, Overnight Range: 1.3670-1.3708,  Previous Close: 1.3702 WTI Oil open at $82.73 and gold open at $2,324.98. US markets are lower today. For today, USD resistance is at 1.3674. Support is at 1.3640.   US Q1 GDP expected to rise 2.5%. German data underpinning EURUSD USD trades defensively and slips against the majors. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar gains on shaky ground

USD/CAD Open: 1.3682, Overnight Range: 1.3655-1.3688,  Previous Close: 1.3662 WTI Oil open at $83.00 and gold open at $2,315.69. US markets are mixed today. For today, USD resistance is at 1.3710. Support is at 1.3686.   Canadian retail sales expected to have risen in February. Wall Street price action will guide FX markets today. USD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar rises as Middle East tensions fall

USD/CAD Open: 1.3723, Overnight Range: 1.3715-1.3754,  Previous Close: 1.3748 WTI Oil open at $81.64 and gold open at $2,361.12. US markets are higher today. For today, USD resistance is at 1.3710. Support is at 1.3685.   Risk appetite turns positive. Oil prices slide while equities rise. USD opens on a mixed note with commodity currencies […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar caught in a geopolitical vortex

USD/CAD Open: 1.3759, Overnight Range: 1.3746-1.3805,  Previous Close: 1.3767 WTI Oil open at $82.67 and gold open at $2,381.22. US markets are mixed today. For today, USD resistance is at 1.3765. Support is at 1.3737.   Israel retaliates for Iran attack-market reaction fades quickly. Fed interest rate outlook driving FX USD has a wild overnight […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Ignores Federal Budget

USD/CAD Open: 1.3807, Overnight Range: 1.3801-1.3838,  Previous Close: 1.3829 WTI Oil open at $84.48 and gold open at $2,392.60. US markets are lower today. For today, USD resistance is at 1.3780. Support is at 1.3766.   Budget a non-event for FX markets. Fed Chair Powell downplays rate cuts. USD consolidating gains, opens with small losses. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Awaits CPI

USD/CAD Open: 1.3792, Overnight Range: 1.3784-1.3814,  Previous Close: 1.3788 WTI Oil open at $85.06 and gold open at $2,372.19. US markets are mixed today. For today, USD resistance is at 1.3839. Support is at 1.3814.   Canada CPI consensus forecast 0.7% m/m (February 0.3%). Risk aversion ripples underpinning greenback. US dollar opens little change from […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar recoups some losses

USD/CAD Open: 1.3739, Overnight Range: 1.3734-1.3783,  Previous Close: 1.3776 WTI Oil open at $84.80 and gold open at $2,349.74. US markets are lower today. For today, USD resistance is at 1.3793. Support is at 1.3779.   Risk aversion recedes. WTI oil drops as supply disruption fears fade. US dollar gives back some of Friday’s gains. […]

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