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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 bouncing off resistance

USD/CAD Open: 1.3564-68, Overnight Range: 1.3409-1.3448,  Previous Close: 1.3448 WTI Oil open at $71.09 and gold open at $1,980.54. US markets are higher today. For today, USD resistance is at 1.3453. Support is at 1.3415.   Debt ceiling suspension bill passed by Senate. Nonfarm payrolls expected to rise by 190,000. US dollar consolidating losses-CAD rises […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds

USD/CAD Open: 1.3564-68, Overnight Range: 1.3563-1.3583,  Previous Close: 1.3575 WTI Oil open at $68.18 and gold open at $1,960.45. US markets are higher today. For today, USD resistance is at 1.3465. Support is at 1.3429.   Fed officials suggest they may “skip” a June rate increase. Eurozone inflation cools more than expected. USD drifts lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar probing resistance

USD/CAD Open: 1.3640-44, Overnight Range: 1.3601-1.3650,  Previous Close: 1.3600 WTI Oil open at $68.31 and gold open at $1,958.58. US markets are lower today. For today, USD resistance is at 1.3636. Support is at 1.3542.   Month-end flows distorting markets. Weak Chinese PMI data boosts greenback. US dollar opens with gains except against JPY. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting Canada growth data

USD/CAD Open: 1.3596-00, Overnight Range: 1.3586-1.3617,  Previous Close: 1.3617 WTI Oil open at $72.53 and gold open at $1,946.01. US markets are higher today. For today, USD resistance is at 1.3601. Support is at 1.3572.   European and many European markets closed for holidays. FX focus shifts to Fed after talk of debt ceiling deal. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading aimlessly

USD/CAD Open: 1.3625-29, Overnight Range: 1.3603-1.3653,  Previous Close: 1.3643 WTI Oil open at $72.38 and gold open at $1,953.79. US markets are higher today. For today, USD resistance is at 1.3623. Support is at 1.3603.   Risk sentiment improves slight with progress on debt ceiling talks. US Memorial Day weekend-bond and equity markets close early. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar fading

USD/CAD Open: 1.3594-98, Overnight Range: 1.3590-1.3611,  Previous Close: 1.3595 WTI Oil open at $73.05 and gold open at $1,960.98. US markets are mixed today. For today, USD resistance is at 1.3656. Support is at 1.3602.   Germany falls into technical recession. Fitch puts US AAA debt rating on negative watch. US dollar grinding higher on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar showing resilience

USD/CAD Open: 1.3544-48, Overnight Range: 1.3498-1.3549,  Previous Close: 1.3502 WTI Oil open at $74.36 and gold open at $1,975.79. US markets are lower today. For today, USD resistance is at 1.3624. Support is at 1.3570.   FOMC minutes may be overshadowed by debt ceiling concerns. RBNZ surprises market with dovish tilt. US dollar opens mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar dipping lower

USD/CAD Open: 1.3542-46, Fri close-Tues open Range: 1.3483-1.3544,  Previous Close: 1.3495 WTI Oil open at $72.09 and gold open at $1,956.88. US markets are lower today. For today, USD resistance is at 1.3524. Support is at 1.3455.   Focus remains on US debt ceiling discussions. FX trading with “risk-off” bias. US dollar opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar heading into long weekend

USD/CAD Open: 1.3470-74, Overnight Range: 1.3472-1.3511,  Previous Close: 1.3502 WTI Oil open at $72.66 and gold open at $1,967.86. US markets are lower today. For today, USD resistance is at 1.3526. Support is at 1.3491.   G-7 and Powell-Bernanke discussion in focus. Canada closed Monday. US dollar retreats slightly, overnight. The Canadian dollar traded with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar stuck in a loop

USD/CAD Open: 1.3469-73, Overnight Range: 1.3454-1.3480,  Previous Close: 1.3455 WTI Oil open at $72.51 and gold open at $1,977.71. US markets are higher today. For today, USD resistance is at 1.3521. Support is at 1.3489.   G-7 meeting starts on Friday. FX volumes low in Europe due to national holidays. US dollar extends gains overnight, […]

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