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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 still standing

Markets cautious due to US government shutdown risk US employment picture in focus all week US dollar opens slightly lower after subdued overnight session   USDCAD open 1.3922, overnight range 1.3916-1.3948, close, 1.3942, WTI 64.64, Gold 3808.05 The Canadian dollar traded quietly as it consolidates last week’s losses.  Friday’s slightly stronger-than-expected Canadian July GDP print […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sliding lower

Trump ‘s UN speech raises tensions with Russia Fed Chair Powell reiterates that inflation risks tilted to the upside US dollar catches a bid and recoups recent losses   USDCAD open 1.3870, overnight range 1.3838-1.3879, close, 1.3837, WTI 63.79, Gold 3767.82 The Canadian dollar is being undermined by broad US dollar demand and Bank of […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar playing defense

  Trump addresses the UN today at 9:50 am Fed Chair Powell delivers remarks this afternoon US dollar opens defensively-CAD underperforms   USDCAD open 1.3830, overnight range 1.3817-1.3845, close, 1.3819, WTI 62.67, Gold 3784.95 The Canadian dollar is trading with a negative bias due to ongoing concerns about economic weakness, rising unemployment and renewed trade […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar circling the drain

BoJ leaves rates unchanged-two dissents Trump and Xi Jinping speak today about trade and TikTok US dollar ending the week on a firm footing   USDCAD open 1.3813, overnight range 1.3789-1.3820, close, 1.3797, WTI 62.98, Gold 3658.50 The Canadian dollar sank yesterday and again overnight after yesterdays weekly jobless claims and Philadelphia Fed survey results […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar catches a bid

Sliding Treasury yields weigh on US dollar Canada inflation expected to have heated up in August US dollar trading negatively   USDCAD open 1.3766 overnight range 1.3762-1.3783, close, 1.3780, WTI 63.18, Gold 3698.31   The Canadian dollar rally picked up speed yesterday after weaker than expected NY Empire State Manufacturing data and Fed news fueled […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding out gains

China and US trade talks are ongoing in Madrid Canadian parliament reopens US dollar losing ground on outlook for dovish Fed   USDCAD open 1.3831 overnight range 1.3821-1.3846, close, 1.3845, WTI 62.99, Gold 3641.24 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar continues to slide

ECB on hold, while Fed is in rate cutting mode US inflation expected to rise US dollar recoups some losses   USDCAD open 1.3840 overnight range 1.3831-1.3849, close, 1.3834, WTI 62.59, Gold 3646.53 The Canadian dollar moved back from the brink yesterday and traded sideways overnight. The Loonie is suffering because of a weak domestic […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar creeping lower

US employment picture in focus today Fed policy makers reiterate dovish comments US dollar opens higher vs majors compared to yesterdays close   USDCAD open 1.3820, overnight range 1.3792-1.3826, close, 1.3793, WTI 63.25, Gold 3538.88 The Canadian dollar extended yesterdays losses as it slowly drifted lower overnight due to broad-based US dollar demand ahead of […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar feeling the pressure

US Treasury yields soar US ISM PMI data on tap US dollar catches a bid and rises across the board   USDCAD open 1.3776, overnight range 1.3728-1.3784, Aug. 29 close, 1.3749, WTI 65.92, Gold 3476.35 The Canadian dollar traded defensively and remains under pressure due to a mix of broad US dollar demand and weak […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading quietly

Powell pivots and sounds dovish UK Markets closed today US dollar consolidating Friday’s losses   USDCAD open 1.3832, overnight range 1.3821-1.3844, close 1.3829, WTI 63.97, Gold 3368.11 The Canadian dollar pulled back from the brink on Friday. The Loonie appeared ready to fall off a cliff until Fed Chair Powell abandoned his hawkish stance at […]

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