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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 testing support

USD/CAD Open: 1.3653-57, Overnight Range: 1.3593-1.3666,  Previous Close: 1.3591 WTI Oil open at $74.92 and gold open at $1,983.61. US markets are higher today. For today, USD resistance is at 1.3565. Support is at 1.3524.   Canada February economic growth expected to slow to 0.2%. Bank of Japan leaves rates unchanged but announces monetary policy […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar weighed down by soft oil prices

USD/CAD Open: 1.3632-36, Overnight Range: 1.3618-1.3644,  Previous Close: 1.3636 WTI Oil open at $74.35 and gold open at $1,996.78. US markets are higher today. For today, USD resistance is at 1.3613. Support is at 1.3579.   WTI oil prices under pressure, limiting CAD gains. US Q! GDP is expected at 2.0%. US dollar opens mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar adds to losses

USD/CAD Open: 1.3634-38, Overnight Range: 1.3616-1.3641,  Previous Close: 1.3627 WTI Oil open at $77.30 and gold open at $1,998.82. US markets are mixed today. For today, USD resistance is at 1.3656. Support is at 1.3631.   Negative risk sentiment sinks commodity currency bloc. WTI oil rally has lost momentum. US dollar opens mixed, gives back […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar continues to fall

USD/CAD Open: 1.3571-75, Overnight Range: 1.3527-1.3599,  Previous Close: 1.3541 WTI Oil open at $78.49 and gold open at $1,987.99. US markets are lower today. For today, USD resistance is at 1.3659. Support is at 1.3625.   Traders looking for direction from US data. US 10-Treasury yield slides to 3.445% US dollar trading with a mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding lower

USD/CAD Open: 1.3535-39, Overnight Range: 1.3525-1.3566,  Previous Close: 1.3540 WTI Oil open at $77.69 and gold open at $1,983.49. US markets are lower today. For today, USD resistance is at 1.3574. Support is at 1.3504.   EURUSD firms following Ifo data. US equity futures trading sideways. US dollar opens on a mixed note after trading […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar remains under pressure

USD/CAD Open: 1.3523-27, Overnight Range: 1.3474-1.3532,  Previous Close: 1.3477 WTI Oil open at $77.30 and gold open at $1,986.18. US markets are higher today. For today, USD resistance is at 1.3559. Support is at 1.3521.   Falling commodity prices weighing on Canadian dollar. Eurozone data and hawkish ECB outlook support EURUSD. US dollar grinds higher […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks with falling oil

USD/CAD Open: 1.3465-69, Overnight Range: 1.3453-1.3479,  Previous Close: 1.3459 WTI Oil open at $77.75 and gold open at $1,999.71. US markets are lower today. For today, USD resistance is at 1.3496. Support is at 1.3450.   Oil prices slide on hawkish outlook for US interest rates. Australia blames RBA for bungling inflation outlook. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar technicals flip to bearish

USD/CAD Open: 1.3429-33, Overnight Range: 1.3387-1.3449,  Previous Close: 1.3388 WTI Oil open at $79.36 and gold open at $1,974.85. US markets are mixed today. For today, USD resistance is at 1.3470. Support is at 1.3441.   Eurozone inflation as expected while UK inflation gain surprises. WTI oil prices dip below support. US dollar rebounds-AUD and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar may see a CPI bounce

USD/CAD Open: 1.3367-71, Overnight Range: 1.3362-1.3395,  Previous Close: 1.3394 WTI Oil open at $80.59 and gold open at $2,001.11. US markets are mixed today. For today, USD resistance is at 1.3403. Support is at 1.3385.   Canadian inflation expected to fall (Core-CPI forecast 4.2% y/y). China GDP beats forecasts. US dollar opens lower across the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar feeling perky

USD/CAD Open: 1.3314-18, Overnight Range: 1.3316-1.3342,  Previous Close: 1.3340 WTI Oil open at $82.46 and gold open at $2,039.00. US markets are lower today. For today, USD resistance is at 1.3401. Support is at 1.3359.   US Retail Sales data and Michigan Consumer Sentiment Index ahead. Gold bulls targeting all-time peak. US opens softer and […]

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