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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 recoups losses

USD/CAD Open: 1.3458-62, Overnight Range: 1.3450-1.3492,  Previous Close: 1.3467 WTI Oil open at $70.90 and gold open at $2,009.35. US markets are mixed today. For today, USD resistance is at 1.3490. Support is at 1.3427.   Eurozone, UK, and Chinese data all disappoint. Canada April inflation ahead. US dollar inches lower on profit-taking. The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks on negative risk sentiment

USD/CAD Open: 1.3491-95, Overnight Range: 1.3482-1.3501,  Previous Close: 1.3490 WTI Oil open at $70.90 and gold open at $2,002.61. US markets are lower today. For today, USD resistance is at 1.3586. Support is at 1.3532.   Renewed regional bank woes sours risk sentiment. US debt default risk sparks safe-haven demand. US dollar opens with gains, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar in limbo

USD/CAD Open: 1.3390-94, Overnight Range: 1.3372-1.3396,  Previous Close: 1.3384 WTI Oil open at $72.62 and gold open at $2,029.55. US markets are mixed today. For today, USD resistance is at 1.3411. Support is at 1.3356.   US April CPI forecast 5.0% and Core-CPI forecast 5.5% y/y. Fed Williams does not expect a rate cut in […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally stall

USD/CAD Open: 1.3368-72, Overnight Range: 1.3367-1.3383,  Previous Close: 1.3373 WTI Oil open at $72.50 and gold open at $2,028.39. US markets are lower today. For today, USD resistance is at 1.3399. Support is at 1.3372.   FX markets trade quietly ahead of Wednesday’s US CPI data. Chinese Trade data disappoints. US dollar grinds out small […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar extending gains

USD/CAD Open: 1.3340-44, Overnight Range: 1.3334-1.3386,  Previous Close: 1.3376 WTI Oil open at $72.83 and gold open at $2,022.75. US markets are mixed today. For today, USD resistance is at 1.3374. Support is at 1.3344.   UK closed in honor of King Charles coronation. Market focus in on US CPI on Wednesday. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds sharply

USD/CAD Open: 1.3505-09, Overnight Range: 1.3488-1.3540,  Previous Close: 1.3538 WTI Oil open at $69.72 and gold open at $2,037.65. US markets are higher today. For today, USD resistance is at 1.3408. Support is at 1.3360.   US regional bank woes, dovish Fed, hawkish ECB, sink greenback. Nonfarm payrolls expected to rise just 179,000. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rangebound (again)

USD/CAD Open: 1.3607-11, Overnight Range: 1.3584-1.3631,  Previous Close: 1.3615 WTI Oil open at $68.97 and gold open at $2,037.86. US markets are lower today. For today, USD resistance is at 1.3553. Support is at 1.3520.   Fed hikes and hints at a pause. ECB expected to hike rates 25 bps. US dollar trading defensively, opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar churning in broad range

USD/CAD Open: 1.3621-25, Overnight Range: 1.3605-1.3630,  Previous Close: 1.3626 WTI Oil open at $70.14 and gold open at $2,017.18. US markets are lower today. For today, USD resistance is at 1.3640. Support is at 1.3586.   WTI falls 3.0%, dragging Loonie lower. Fed expected to hike rates 25 bps and hint at a pause. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar reverses gains

USD/CAD Open: 1.3579-83, Overnight Range: 1.3530-1.3583,  Previous Close: 1.3543 WTI Oil open at $75.15 and gold open at $1,983.70. US markets are lower today. For today, USD resistance is at 1.3636. Support is at 1.3616.   EURUSD drops despite inflation rise. RBA surprisingly hawkish, AUDUSD rallies. US dollar opens with a modest bid following Eurozone […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds

USD/CAD Open: 1.3572-76, Overnight Range: 1.3536-1.3580,  Previous Close: 1.3546 WTI Oil open at $75.21 and gold open at $1,984.95. US markets are lower today. For today, USD resistance is at 1.3553. Support is at 1.3535.   US authorities step-in to avert another banking crisis. Markets are quiet with European markets closed for May Day. US […]

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