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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: 1.3228-32, Overnight Range: 1.3208-1.3237,  Previous Close: 1.3210 WTI Oil open at $71.63 and gold open at $1,952.46. US markets are lower today. For today, USD resistance is at 1.3249. Support is at 1.3211.   Risk sentiment cautiously optimistic. US market re-open in a slight risk-adverse environment. US dollar recoups some losses against commodity […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding out gains

USD/CAD Open: 1.3204-08, Overnight Range: 1.3181-1.3227,  Previous Close: 1.3198 WTI Oil open at $71.56 and gold open at $1,950.35. US markets are lower today. For today, USD resistance is at 1.3219. Support is at 1.3190.   Risk sentiment cautiously optimistic. US markets closed for holiday. US dollar remains on defensive. The Canadian dollar continues to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifts lower post-FOMC

USD/CAD Open: 1.3320-24, Overnight Range: 1.3322-1.3353,  Previous Close: 1.3323 WTI Oil open at $68.99 and gold open at $1,936.19. US markets are higher today. For today, USD resistance is at 1.3253. Support is at 1.3196.   FOMC surprises with hawkish rate projections. ECB meeting ahead-25 bp rate hike widely expected. US dollar trading with mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar pushing its boundaries

USD/CAD Open: 1.3287-91, Overnight Range: 1.3287-1.3318,  Previous Close: 1.3315 WTI Oil open at $70.09 and gold open at $1,951.62. US markets are mixed today. For today, USD resistance is at 1.3308. Support is at 1.3263.   Loonie probing resistance and hoping to break higher. FOMC widely expected to skip a rate hike today. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar counting down to Fed

USD/CAD Open: 1.3356-60, Overnight Range: 1.3344-1.3377,  Previous Close: 1.3368 WTI Oil open at $67.98 and gold open at $1,963.21. US markets are higher today. For today, USD resistance is at 1.3335. Support is at 1.3284.   China’s PboC snips 1-week reverse repo rate. Risk sentiment improves on hopes for lower US inflation. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar shrugs off weak employment report

USD/CAD Open: 1.3327-31, Overnight Range: 1.3317-1.3357,  Previous Close: 1.3341 WTI Oil open at $68.22 and gold open at $1,965.27. US markets are higher today. For today, USD resistance is at 1.3383. Support is at 1.3361.   Focus on FOMC and ECB meetings this week. WTI oil slumps despite Saudi production cut. US dollar opens lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting employment report

USD/CAD Open: 1.3336-40, Overnight Range: 1.3334-1.3369,  Previous Close: 1.3358 WTI Oil open at $71.56 and gold open at $1,961.99. US markets are higher today. For today, USD resistance is at 1.3361. Support is at 1.3333.   Consensus forecast for Canadian May jobs is a gain of 21,000. Fed expected to skip a June rate hike. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar bounce from BoC fades

USD/CAD Open: 1.3343-47, Overnight Range: 1.3336-1.3374,  Previous Close: 1.3371 WTI Oil open at $72.81 and gold open at $1,946.52. US markets are higher today. For today, USD resistance is at 1.3373. Support is at 1.3335.   Bank of Canada hiked but Loonie rally stalls. EuroStat says Eurozone is in a recession. US dollar opens softer […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar consolidating gains

USD/CAD Open: 1.3417-21, Overnight Range: 1.3392-1.3449,  Previous Close: 1.3444 WTI Oil open at $70.91 and gold open at $1,962.46. US markets are higher today. For today, USD resistance is at 1.3468. Support is at 1.3366.   Reserve Bank of Australia raises rates. Oil prices slide despite Saudi production cut plans. US dollar mildly softer. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar steady

USD/CAD Open: 1.3440-44, Overnight Range: 1.3420-1.3444,  Previous Close: 1.3429 WTI Oil open at $73.00 and gold open at $1,944.83. US markets are lower today. For today, USD resistance is at 1.3460. Support is at 1.3436.   Saudi Arabia cuts oil production by 1 million barrels/day Global equity markets grind higher CAD outperforms as US dollar […]

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