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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 counting down to BoC decision

USD/CAD Open: 1.3586-90, Overnight Range: 1.3573-1.3600,  Previous Close: 1.3593 WTI Oil open at $78.85 and gold open at $2,125.76. US markets are higher today.   BoC to leave rates unchanged. Fed Chair Jerome Powell testifies to Congress today. US dollar drifts down on mild improvement in risk sentiment.   The Canadian dollar barely budged overnight, […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar inching lower

USD/CAD Open: 1.3580-84, Overnight Range: 1.3571-1.3606,  Previous Close: 1.3575 WTI Oil open at $78.75 and gold open at $2,123.77. US markets are lower today. For today, USD resistance is at 1.3608. Support is at 1.3553.   Fed officials suggest no rush to cut rates. Eurozone PMI data ignored ahead of ECB meeting. US dollar grinding […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar marooned

USD/CAD Open: 1.3575-79, Overnight Range: 1.3561-1.3592,  Previous Close: 1.3579 WTI Oil open at $79.44 and gold open at $2,054.96. US markets are higher today. For today, USD resistance is at 1.3566. Support is at 1.3553.   Eurozone and UK data fails to inspire traders. US ISM Manufacturing PMI ahead. US dollar opens little changed-CHF underperforms. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets an extra day to slide

USD/CAD Open: 1.3577-81, Overnight Range: 1.3570-1.3592,  Previous Close: 1.3577 WTI Oil open at $77.98 and gold open at $2,027.21. US markets are higher today. For today, USD resistance is at 1.3595. Support is at 1.3527.   Core-PCE expected to rise 0.4% m/m (previous 0.2%) Canada GDP expected to have risen 0.2% m/m in December. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar slides

USD/CAD Open: 1.3577-81, Overnight Range: 1.3524-1.3588,  Previous Close: 1.3531 WTI Oil open at $77.98 and gold open at $2,027.21. US markets are lower today. For today, USD resistance is at 1.3600. Support is at 1.3546. Rising Treasury yields drive US dollar higher. Rumours abound about Opec extending production cuts into Q2. US dollar opens with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting US data

USD/CAD Open: 1.3493, Overnight Range: 1.3489-1.3529,  Previous Close: 1.3506 WTI Oil open at $77.43 and gold open at $2,036.67. US markets are mixed today. For today, USD resistance is at 1.3542. Support is at 1.3518.   US Durable Goods and Consumer Confidence data ahead. Fears of a partial US government closure starting to percolate. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar steady

USD/CAD Open: 1.3516-20, Overnight Range: 1.3496-1.3529,  Previous Close: 1.3515 WTI Oil open at $76.33 and gold open at $2,031.84. US markets are lower today. For today, USD resistance is at 1.3515. Support is at 1.3490.   Plenty of actionable data this week, but not today. US/China trade tensions reignite. US dollar trading with a mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar chasing its tail

USD/CAD Open: 1.3486-90, Overnight Range: 1.3472-1.3503,  Previous Close: 1.3483 WTI Oil open at $77.54 and gold open at $2,022.81. US markets are mixed today. For today, USD resistance is at 1.3501. Support is at 1.3449.   Equity markets surge and ignore rising Treasury yields. Fed policymakers reiterate unchanged rates for longer views. US dollar retreat […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets a risk-on lift

USD/CAD Open: 1.3454-58, Overnight Range: 1.3441-1.3508,  Previous Close: 1.3504 WTI Oil open at $78.05 and gold open at $2,029.85. US markets are higher today. For today, USD resistance is at 1.3514. Support is at 1.3468.   Risk sentiment turns positive as equities rise. FOMC minutes show policymakers are timid. US dollar sinks on-EUR outperforms.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar slips on CPI dip

USD/CAD Open: 1.3520-24, Overnight Range: 1.3505-1.3536,  Previous Close: 1.3523 WTI Oil open at $76.66 and gold open at $2,030.08. US markets are lower today. For today, USD resistance is at 1.3529. Support is at 1.3475.   Canada CPI rose 2.9% y/y (forecast 3.3%) Minutes from Jan 31 FOMC meeting ahead. US dollar drifts in narrow, […]

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