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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 remains under pressure

USD/CAD Open: 1.3737, Overnight Range: 1.3682-1.3743,  Previous Close: 1.3689 WTI Oil open at $86.03 and gold open at $2,397.73. US markets are lower today. For today, USD resistance is at 1.3797. Support is at 1.3757.   BoC and Fed rate outlooks diverge. Gold climbs to new all-time high US dollar opens with modest gains-EUR sinks […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar gets hammered

USD/CAD Open: 1.3689, Overnight Range: 1.3673-1.3695,  Previous Close: 1.3683 WTI Oil open at $86.10 and gold open at $2,331.02. US markets are mixed today. For today, USD resistance is at 1.3698. Support is at 1.3677.   Hot US inflation report sends US Treasury yields skyrocketing. BoC Governor talks about cutting rates in June. US dollar […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian Dollar facing dual risks

USD/CAD Open: 1.3567, Overnight Range: 1.3558-1.3577,  Previous Close: 1.3574 WTI Oil open at $85.49 and gold open at $2,347.19. US markets are mixed today. For today, USD resistance is at 1.3695. Support is at 1.3682.   BoC monetary policy statement, quarterly MPR released today. US CPI data will set the tone for the US dollar. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar becalmed before BoC

USD/CAD Open: 1.3568, Overnight Range: 1.3560-1.3585,  Previous Close: 1.3574 WTI Oil open at $86.66 and gold open at $2,363.35. US markets are lower today. For today, USD resistance is at 1.3652. Support is at 1.3523.   Markets subdued ahead of Wednesday’s US inflation data. Bank of Canada could surprise. US dollar opens on the defensive […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Eclipsed

USD/CAD Open: 1.3598, Overnight Range: 1.3584-1.3617,  Previous Close: 1.3593 WTI Oil open at $86.05 and gold open at $2,337.44. US markets are higher today. For today, USD resistance is at 1.3613. Support is at 1.3557.   BoC monetary policy and quarterly MPR on Wednesday. Wednesday’s US CPI data key for rate outlook. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar on back burner

USD/CAD Open: 1.3573-77, Overnight Range: 1.3555-1.3585,  Previous Close: 1.3567 WTI Oil open at $85.39 and gold open at $2,271.85. US markets are higher today. For today, USD resistance is at 1.3544. Support is at 1.3509.   Traders awaiting US ADP employment and ISM Services data. Lower Eurozone inflation fails to spark excitement. US dollar opens […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian Dollar bounces off of support

USD/CAD Open: 1.3611-15, Overnight Range: 1.3566-1.3614,  Previous Close: 1.3567 WTI Oil open at $81.94 and gold open at $2,197.56. US markets are mixed today. For today, USD resistance is at 1.3551. Support is at 1.3525.   Canadian Dollar bounces off of support FX liquidity low due to holidays. Canada GDP expect at 0.4% in January. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar is Steady

USD/CAD Open: 1.3593-97, Overnight Range: 1.3579-1.3608,  Previous Close: 1.3585 WTI Oil open at $81.00 and gold open at $2,189.61. US markets are higher today. For today, USD resistance is at 1.3614. Support is at 1.3551.   FX liquidity falls ahead of Easter weekend. No US or Canadian data today. US opens narrowly mixed after uneventful […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar trickles higher

USD/CAD Open: 1.3569-73, Overnight Range: 1.3560-1.3591,  Previous Close: 1.3586 WTI Oil open at $81.89 and gold open at $2,191.43. US markets are lower today. For today, USD resistance is at 1.3594. Support is at 1.3573.   US Durable Goods Orders and Consumer Confidence ahead. Traders are sidelined ahead of data. US opens lower compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar consolidating losses

USD/CAD Open: 1.3593-97, Overnight Range: 1.3585-1.3615,  Previous Close: 1.3603 WTI Oil open at $81.12 and gold open at $2,168.53. US markets are lower today. For today, USD resistance is at 1.3596. Support is at 1.3566.   China takes a stand against CNY weakness. Key US inflation data due on Thursday. US hangs on to gains […]

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