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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 bounces back

USD/CAD Open: 1.3641-45, Overnight Range: 1.3629-1.3667,  Previous Close: 1.3658 WTI Oil open at $81.95 and gold open at $1,987.26. US markets are higher today. For today, USD resistance is at 1.3709. Support is at 1.3691.   Dovish Fed and soft data weigh on US dollar. Canadian dollar soars on belief US tightening cycle is over. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar counting down to employment reports

USD/CAD Open: 1.3741-45, Overnight Range: 1.3728-1.3761,  Previous Close: 1.3738 WTI Oil open at $82.40 and gold open at $1,989.09. US markets are higher today. For today, USD resistance is at 1.3687. Support is at 1.3648.   US NFP expected to rise by 180,000. Canada LFS forecast to rise 22,500. US dollar consolidates losses-CAD outperforms.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets a reprieve

USD/CAD Open: 1.3805-09, Overnight Range: 1.3806-1.3861,  Previous Close: 1.3858 WTI Oil open at $81.70 and gold open at $1,988.54. US markets are higher today. For today, USD resistance is at 1.3805. Support is at 1.3709.   FOMC leaves rates unchanged and hints rate hikes are done. Treasury yields tumble and equities rise. US dollar extends […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar not getting any treats

USD/CAD Open: 1.3815-19, Overnight Range: 1.3814-1.3852,  Previous Close: 1.3826 WTI Oil open at $82.86 and gold open at $1,997.57. US markets are higher today. For today, USD resistance is at 1.3892. Support is at 1.3855.   Canadian economy may have grown just 0.1% in August. US data and month-end rebalancing flows may be disruptive. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trades with bearish bias

USD/CAD Open: 1.3793-97, Overnight Range: 1.3796-1.3832,  Previous Close: 1.3832 WTI Oil open at $85.25 and gold open at $1,985.83. US markets are mixed today. For today, USD resistance is at 1.3889. Support is at 1.3857.   US September PCE price index data ahead. Equity traders ignoring Middle East developments. US dollar opens mixed-Cad opens unchanged […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drops after BoC pauses

USD/CAD Open: 1.3793-97, Overnight Range: 1.3790-1.3821,  Previous Close: 1.3798 WTI Oil open at $84.72 and gold open at $1,990.83. US markets are lower today. For today, USD resistance is at 1.3838. Support is at 1.3820.   No support for Canadian dollar from BoC decision. US Q3 GDP and ECB rate decision ahead. US dollar grinds […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinking ahead of BoC meeting

USD/CAD Open: 1.3775-79, Overnight Range: 1.3730-1.3784,  Previous Close: 1.3742 WTI Oil open at $83.77 and gold open at $1,969.56. US markets are lower today. For today, USD resistance is at 1.3827. Support is at 1.3789.   Bank of Canada expected to leave overnight rate at 5.0% Risk sentiment sours on fears of widening Middle East […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar bounces back

USD/CAD Open: 1.3685-89, Overnight Range: 1.3661-1.3700,  Previous Close: 1.3691 WTI Oil open at $85.92 and gold open at $1,967.16. US markets are higher today. For today, USD resistance is at 1.3768. Support is at 1.3709.   Bond traders roil markets-Treasury yields tumble. Oil prices drift lower on mildly improved risk sentiment. US dollar opens with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar remains under pressure

USD/CAD Open: 1.3720-24, Overnight Range: 1.3692-1.3736,  Previous Close: 1.3719 WTI Oil open at $87.76 and gold open at $1,977.74. US markets are mixed today. For today, USD resistance is at 1.3702. Support is at 1.3656.   Rising treasury yields fuel US dollar gains Middle East tensions simmer US dollar opens on a mixed not compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar dives

USD/CAD Open: 1.3729-33, Overnight Range: 1.3709-1.3741,  Previous Close: 1.3717 WTI Oil open at $85.72 and gold open at $1,950.99. US markets are lower today. For today, USD resistance is at 1.3730. Support is at 1.3709.   Traders cautiously awaiting Powell speech at noon. Oil prices are steady but firm. US dollar opens consolidating yesterday’s gains. […]

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