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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 faces off against the Fed

USD/CAD Open: 1.3428-32, Overnight Range: 1.3397-1.3433,  Previous Close: 1.3399 WTI Oil open at $77.00 and gold open at $2,037.32. US markets are mixed today. For today, USD resistance is at 1.3429. Support is at 1.3333.   Canadian growth data could give Loonie a lift. IMF raises global growth outlook. US dollar recoups some losses overnight-AUD […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar awaiting December GDP

USD/CAD Open: 1.3401-05, Overnight Range: 1.3399-1.3425,  Previous Close: 1.3415 WTI Oil open at $76.98 and gold open at $2,035.60. US markets are mixed today. For today, USD resistance is at 1.3407. Support is at 1.3395.   Canada GDP expected at 0.1% m/m in November. Eurozone data shows that the economy continues to struggle. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar testing approaching resistance zone

USD/CAD Open: 1.3434-38, Overnight Range: 1.3429-1.3463,  Previous Close: 1.3458 WTI Oil open at $78.12 and gold open at $2,027.62. US markets are mixed today. For today, USD resistance is at 1.3469. Support is at 1.3415.   Oil prices climb on rising Middle East tensions. Wednesday’s Fed meeting in focus. US dollar is trading defensively despite […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds

USD/CAD Open: 1.3447-51, Overnight Range: 1.3443-1.3484,  Previous Close: 1.3477 WTI Oil open at $76.70 and gold open at $2,023.61. US markets are mixed today. For today, USD resistance is at 1.3457. Support is at 1.3436.   Core-PCE inflation expected to fall. Focus shifting to FOMC meeting. US dollar is rangebound, but CAD outperforms.   The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar steady ahead of BoC

USD/CAD Open: 1.3446-50, Overnight Range: 1.3436-1.3479,  Previous Close: 1.3461 WTI Oil open at $74.44 and gold open at $2,033.08. US markets are mixed today. For today, USD resistance is at 1.3541. Support is at 1.3516.   Bank of Canada MPR and policy statement ahead. Risk sentiment improves after surprise China news. US dollar trading defensively. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gives back gains

USD/CAD Open: 1.3474-78, Overnight Range: 1.3453-1.3486,  Previous Close: 1.3479 WTI Oil open at $74.24 and gold open at $2,024.99. US markets are lower today. For today, USD resistance is at 1.3508. Support is at 1.3463.   Loonie ignores oil price rise. BoJ leaves rates unchanged as expected. US dollar trades quietly and opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar outperforms G-10 currencies

USD/CAD Open: 1.3422-26, Overnight Range: 1.3414-1.3447,  Previous Close: 1.3430 WTI Oil open at $73.45 and gold open at $2,022.81. US markets are higher today. For today, USD resistance is at 1.3492. Support is at 1.3467.   Loonie rises on prospect of hawkish BoC outcome. BoJ and ECB monetary policy meetings this week. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar continues to sink

USD/CAD Open: 1.3516-19, Overnight Range: 1.3480-1.3531,  Previous Close: 1.3490 WTI Oil open at $71.09 and gold open at $2,026.19. US markets are lower today. For today, USD resistance is at 1.3537. Support is at 1.3474.   Falling crude prices and weak Chinese data weigh on the Loonie. Analysts are downgrading early rate cut forecasts. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar falls further

USD/CAD Open: 1.3493-97, Overnight Range: 1.3423-1.3500,  Previous Close: 1.3426 WTI Oil open at $73.20 and gold open at $2,040.90. US markets are lower today. For today, USD resistance is at 1.3504. Support is at 1.3486.   Canadian inflation data due today. Risk sentiment turns negative. US dollar rallies across the board-AUD underperforms,   The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets chilly reception

USD/CAD Open: 1.3415-19, Overnight Range: 1.3382-1.3426,  Previous Close: 1.3410 WTI Oil open at $72.24 and gold open at $2,053.43. US markets are mixed today. For today, USD resistance is at 1.3460. Support is at 1.3417.   Slumping oil prices weigh on Canadian dollar. Market activity subdued because of US holiday. US dollar firms on risk […]

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