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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 trading sideways

USD/CAD Open: 1.3623-27, Overnight Range: 1.3617-1.3659,  Previous Close: 1.3651 WTI Oil open at $88.02 and gold open at $1,944.24. US markets are lower today. For today, USD resistance is at 1.3729. Support is at 1.3699.   China says GDP growth exceeded expectations. Oil prices surge on rising geopolitical tensions. US dollar opens lower but clawing […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar trading with a mixed bias

USD/CAD Open: 1.3630-34, Overnight Range: 1.3606-1.3645,  Previous Close: 1.3611 WTI Oil open at $85.61 and gold open at $1,923.03. US markets are mixed today. For today, USD resistance is at 1.3663. Support is at 1.3642.   Canadian inflation data could cause some fireworks. US Retail Sales may reignite US dollar demand. US dollar consolidating recent […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar crushed by US CPI

USD/CAD Open: 1.3641-45, Overnight Range: 1.3633-1.3662,  Previous Close: 1.3659 WTI Oil open at $86.47 and gold open at $1,916.12. US markets are higher today. For today, USD resistance is at 1.3614. Support is at 1.3601.   Markets still reeling from disappointing US CPI data. Tightened US sanctions on Russian crude boosts WTI. US dollar rebounds […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar crushed by US CPI

USD/CAD Open: 1.3670-74, Overnight Range: 1.3660-1.3669,  Previous Close: 1.3693 WTI Oil open at $86.07 and gold open at $1,887.80. US markets are mixed today. For today, USD resistance is at 1.3670. Support is at 1.3648.   Markets still reeling from disappointing US CPI data. Tightened US sanctions on Russian crude boosts WTI. US dollar rebounds […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting US inflation numbers

USD/CAD Open: 1.3586-90, Overnight Range: 1.3578-1.3603,  Previous Close: 1.3594 WTI Oil open at $84.19 and gold open at $1,881.17. US markets are lower today. For today, USD resistance is at 1.3696. Support is at 1.3675.   US CPI expected to fall to 4.1% from 4.3% y/y. FOMC minutes suggest Committee is divided. US dollar consolidating […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally starting to fade

USD/CAD Open: 1.3592, Overnight Range: 1.3569-1.3680,  Previous Close: 1.3664 WTI Oil open at $86.14 and gold open at $1,858.36. US markets are higher today. For today, USD resistance is at 1.3596. Support is at 1.3572.   Hamas terrorist attack creates risk aversion. IMF wants central banks to keep rates elevated. US dollar grinding back losses. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar lags significantly

USD/CAD Open: 1.3775-79, Overnight Range: 1.3711-1.3786,  Previous Close: 1.3745 WTI Oil open at $83.31 and gold open at $1,821.94. US markets are lower today. For today, USD resistance is at 1.3714. Support is at 1.3698.   Challenger Job cuts and weekly jobless claims on tap. Yield curve inversion/recession talk resurfaces. Canadian dollar underperforms as US […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar trading with negative bias

USD/CAD Open: 1.3696-00, Overnight Range: 1.3693-1.3725,  Previous Close: 1.3709 WTI Oil open at $88.25 and gold open at $1,821.58. US markets are higher today. For today, USD resistance is at 1.3765. Support is at 1.3720.   Treasury yields continue to rise. Saudi’s and Russian’s announce production cuts will continue until December. US dollar is bid, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar continues to crash

USD/CAD Open: 1.3716-20, Overnight Range: 1.3662-1.3729,  Previous Close: 1.3676 WTI Oil open at $88.91 and gold open at $1,826.46. US markets are lower today. For today, USD resistance is at 1.3722. Support is at 1.3695.   US 10-year Treasury yield hits 4.737% RBA leaves monetary policy unchanged. US dollar extends gains against major G-10 currencies. […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian dollar nose-dives

USD/CAD Open: 1.3607-11, Overnight Range: 1.3562-1.3613,  Previous Close: 1.3579 WTI Oil open at $91.52 and gold open at $1,834.26. US markets are mixed today. For today, USD resistance is at 1.3692. Support is at 1.3650.   New month but same old worries. EU and UK data weigh on EURUSD and GBPUSD. US dollar on fire, […]

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