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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 plunges

USD/CAD Open: 1.3571-75, Overnight Range: 1.3519-1.3582,  Previous Close: 1.3533 WTI Oil open at $81.06 and gold open at $2,166.82. US markets are mixed today. For today, USD resistance is at 1.3622. Support is at 1.3603.   Souring risk sentiment lifts US dollar and sinks CNY. Canada Retail Sales expected to fall 0.4% m/m US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar rebounds sharply

USD/CAD Open: 1.3485-89, Overnight Range: 1.3456-1.3504,  Previous Close: 1.3493 WTI Oil open at $81.05 and gold open at $2,205.60. US markets are higher today. For today, USD resistance is at 1.3561. Support is at 1.3514.   Fed leaves rate cut outlook unchanged. Swiss National Bank catches market off-guard and cuts rates. US dollar sinks across […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar looking ahead to CPI

USD/CAD Open: 1.3573-77, Overnight Range: 1.3520-1.3551,  Previous Close: 1.3534 WTI Oil open at $82.01 and gold open at $2,153.53. US markets are mixed today. For today, USD resistance is at 1.3611. Support is at 1.3554.   Bank of Japan hikes rates for first time in 17 years. RBA gives policy statement a dovish tweak. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar trading negatively

USD/CAD Open: 1.3533-37, Overnight Range: 1.3520-1.3551,  Previous Close: 1.3545 WTI Oil open at $84.48 and gold open at $2,155.02. US markets are higher today. For today, USD resistance is at 1.3567. Support is at 1.3523.   Loonie gets minimal support from higher oil prices. Canadian inflation data released on Tuesday. US dollar opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar takes a dive

USD/CAD Open: 1.3528-32, Overnight Range: 1.3528-1.3550,  Previous Close: 1.3535 WTI Oil open at $80.83 and gold open at $2,171.62. US markets are lower today. For today, USD resistance is at 1.3553. Support is at 1.3526.   Traders reduce Fed rate cut bets. Upcoming FOMC meeting will limit trading activity. US dollar consolidating Thursday’s gains.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar treading water

USD/CAD Open: 1.3464-68, Overnight Range: 1.3463-1.3483,  Previous Close: 1.3472 WTI Oil open at $80.30 and gold open at $2,169.98. US markets are lower today. For today, USD resistance is at 1.3543. Support is at 1.3524.   US PPI and Retail Sales data in focus. Oil inches higher on increased demand forecast. US dollar retreats modestly […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar is unchanged at open

USD/CAD Open: 1.3490-94, Overnight Range: 1.3485-1.3499,  Previous Close: 1.3493 WTI Oil open at $78.58 and gold open at $2,158.34. US markets are mixed today. For today, USD resistance is at 1.3478. Support is at 1.3467.   Markets move past US inflation data. UK GDP suggests recession ended in January. US dollar looking for direction.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar awaiting direction

USD/CAD Open: 1.3472-76, Overnight Range: 1.3470-1.3487,  Previous Close: 1.3484 WTI Oil open at $78.51 and gold open at $2,176.72. US markets are higher today. For today, USD resistance is at 1.3521. Support is at 1.3479.   US inflation report likely to be inconclusive. UK employment report shows wage growth pressures easing. US dollar little changed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Rally Halted

USD/CAD Open: 1.3470-74, Overnight Range: 1.3470-1.3493,  Previous Close: 1.3486 WTI Oil open at $78.22 and gold open at $2,180.61. US markets are mixed today. For today, USD resistance is at 1.3495. Support is at 1.3471.   Markets sidelined ahead of Tuesday’s US Core inflation report. Retreating equity prices weigh on risk sentiment. US dollar trading […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Powell Contradicts Himself

USD/CAD Open: 1.3443-47, Overnight Range: 1.3432-1.3465,  Previous Close: 1.3460 WTI Oil open at $78.55 and gold open at $2,168.23. US markets are lower today. For today, USD resistance is at 1.3513. Support is at 1.3471.   US nonfarm payrolls expected to rise 200,000. Canada employment to have risen by 20,000 in February. US dollar soft […]

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