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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 gets an inflation boost

USD/CAD Open: 1.3334-38, Overnight Range: 1.3325-1.3354,  Previous Close: 1.3333 WTI Oil open at $74.87 and gold open at $2,035.81. US markets are lower today. For today, USD resistance is at 1.3407. Support is at 1.3320.   Canada CPI disappoints and gives Canadian dollar a lift. UK inflation falls more than expected. US dollar mixed but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting into Canada CPI

USD/CAD Open: 1.3385-89, Overnight Range: 1.3391-1.3403,  Previous Close: 1.3400 WTI Oil open at $72.92 and gold open at $2,025.67. US markets are higher today. For today, USD resistance is at 1.3351. Support is at 1.3322.   Canadian inflation expected to have cooled in November. Bank of Japan leaves policy unchanged. US dollar trades defensively but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding out gains

USD/CAD Open: 1.3380-84, Overnight Range: 1.3366-1.3389,  Previous Close: 1.3380 WTI Oil open at $71.33 and gold open at $2,019.28. US markets are higher today. For today, USD resistance is at 1.3410. Support is at 1.3385.   Bank of Japan could tweak monetary policy tonight. German Ifo data weaker than expected. US dollar claws back some […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding out gains

USD/CAD Open: 1.3378-82, Overnight Range: 1.3372-1.3415,  Previous Close: 1.3409 WTI Oil open at $72.02 and gold open at $2,042.49. US markets are mixed today. For today, USD resistance is at 1.3396. Support is at 1.3354.   BoC Governor Macklem provides year end update today. Markets pricing 150 bps of Fed easing in 2024. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar steady with FOMC ahead

USD/CAD Open: 1.3590-94, Overnight Range: 1.3585-1.3609,  Previous Close: 1.3590 WTI Oil open at $68.73 and gold open at $1,983.54. US markets are mixed today. For today, USD resistance is at 1.3596. Support is at 1.3545.   FOMC expected to leave rates unchanged. Oil slides as EIA cuts price forecast. US dollar consolidating Tuesday losses-trades narrowly […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar hoping for a US CPI boost

USD/CAD Open: 1.3566-70, Overnight Range: 1.3549-1.3580,  Previous Close: 1.3574 WTI Oil open at $71.08 and gold open at $1,986.18. US markets are higher today. For today, USD resistance is at 1.3599. Support is at 1.3581.   Analysts expect US CPI to have dipped 0.1% to 3.1% in November. German and Eurozone economic sentiment improves. US […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar marking time

USD/CAD Open: 1.3594-98, Overnight Range: 1.3570-1.3605,  Previous Close: 1.3584 WTI Oil open at $70.55 and gold open at $1,993.04. US markets are higher today. For today, USD resistance is at 1.3580. Support is at 1.3568.   China inflation reports weaker than expected. US and Canadian economic data calendars are empty today. US dollar opens firmer […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding higher

USD/CAD Open: 1.3573-77, Overnight Range: 1.3571-1.3603,  Previous Close: 1.3601 WTI Oil open at $70.49 and gold open at $2,029.84. US markets are higher today. For today, USD resistance is at 1.3599. Support is at 1.3572.   NFP expected to rise to 180k from 150k. Economists suggest BoC could cut rates as soon as March. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar shrugs off BoC statement

USD/CAD Open: 1.3586-90, Overnight Range: 1.3584-1.3608,  Previous Close: 1.3593 WTI Oil open at $69.98 and gold open at $2,033.76. US markets are higher today. For today, USD resistance is at 1.3610. Support is at 1.3582.   Traders ignore news that BoC left rate on hold. Bank of Japan gearing up to end negative rate policy. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar wandering-BoC ahead

USD/CAD Open: 1.3578-82, Overnight Range: 1.3558-1.3595,  Previous Close: 1.3593 WTI Oil open at $71.83 and gold open at $2,022.64. US markets are lower today. For today, USD resistance is at 1.3605. Support is at 1.3581.   US Treasury yields hovering near recent lows. BoC expected to deliver a hawkish hold. US dollar opens narrowly mixed […]

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