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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 stagnating

USD/CAD Open: 1.3708-12, Overnight Range: 1.3690-1.3728,  Previous Close: 1.3722 WTI Oil open at $76.98 and gold open at $1,975.89. US markets are higher today. For today, USD resistance is at 1.3743. Support is at 1.3707.   Opec rumoured to be considering production cuts. Canadian inflation data due tomorrow. US dollar finishing the week with sharp […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar struggles with sliding oil prices

USD/CAD Open: 1.3723-27, Overnight Range: 1.3719-1.3772,  Previous Close: 1.3757 WTI Oil open at $73.66 and gold open at $1,991.66. US markets are higher today. For today, USD resistance is at 1.3756. Support is at 1.3701.   WTI oil down 7.0% since Tuesday. Market rate cut optimism offset by Fed caution. US dollar finishing the week […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally stalls

USD/CAD Open: 1.3700-04, Overnight Range: 1.3677-1.3736,  Previous Close: 1.3682 WTI Oil open at $76.56 and gold open at $1,964.97. US markets are mixed today. For today, USD resistance is at 1.3764. Support is at 1.3739.   US 10-year Treasury yields rebound from recent low. Plenty of Fed-speak and US data to keep traders interested. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar feeling frisky

USD/CAD Open: 1.3689-93, Overnight Range: 1.3677-1.3710,  Previous Close: 1.3694 WTI Oil open at $77.83 and gold open at $1,973.28. US markets are higher today. For today, USD resistance is at 1.3696. Support is at 1.3672.   US Retail Sales, PPI, Fed-speak will set the trading tone today. Biden/Xi Jinping meeting may be a distraction. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting US inflation data

USD/CAD Open: 1.3824-28, Overnight Range: 1.3793-1.3843,  Previous Close: 1.3807 WTI Oil open at $78.41 and gold open at $1,947.12. US markets are higher today. For today, USD resistance is at 1.3699. Support is at 1.3685.   Forecast for US Core CPI (ex food and Energy) is unchanged at 4.1% y/y EU Economic sentiment improves-slightly. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar adrift

USD/CAD Open: 1.3799-04, Overnight Range: 1.3787-1.3827,  Previous Close: 1.3803 WTI Oil open at $77.33 and gold open at $1,939.61. US markets are mixed today. For today, USD resistance is at 1.3820. Support is at 1.3751.   Canadian banks are closed today. Traders awaiting Tuesday’s US CPI data. US dollar opens with a bid after surging […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar pummelled by Powell

USD/CAD Open: 1.3807-11, Overnight Range: 1.3791-1.3821,  Previous Close: 1.3806 WTI Oil open at $76.42 and gold open at $1,954.01. US markets are higher today. For today, USD resistance is at 1.3822. Support is at 1.3778.   Fed Chair warns interest rates could still go higher. US 10 Treasury yields jump. US dollar opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading negatively

USD/CAD Open: 1.3786-90, Overnight Range: 1.3782-1.3807,  Previous Close: 1.3794 WTI Oil open at $75.93 and gold open at $1,946.94. US markets are lower today. For today, USD resistance is at 1.3825. Support is at 1.3795.   Low oil prices are weighing on Loonie. US 10-yeaqr Treasury yields near recent low. US dollar opens steady as […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar has oil headache

USD/CAD Open: 1.3778-82, Overnight Range: 1.3755-1.3793,  Previous Close: 1.3767 WTI Oil open at $76.81 and gold open at $1,961.99. US markets are mixed today. For today, USD resistance is at 1.3802. Support is at 1.3783.   Oil prices are free-falling. Markets are looking for fresh guidance from Fed chair Powell today. US dollar opens higher […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gives back gains

USD/CAD Open: 1.3748-52, Overnight Range: 1.3689-1.3756,  Previous Close: 1.3700 WTI Oil open at $79.46 and gold open at $1,965.99. US markets are higher today. For today, USD resistance is at 1.3777. Support is at 1.3753.   Hawkish Fed-speak spurs greenback rally. RBA raises OCR rate 25 bps-AUDUSD falls. US dollar recoups losses as treasury yields […]

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