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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 attempting to break higher

USD/CAD Open: 1.3394-98, Overnight Range: 1.3389-1.3447,  Previous Close: 1.3442 WTI Oil open at $83.14 and gold open at $2,026.60. US markets are higher today. For today, USD resistance is at 1.3349. Support is at 1.3331.   BoC leaves rates unchanged. FOMC minutes point to another rate increase. US dollar extends yesterday’s post-CPI slide overnight. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting higher

USD/CAD Open: 1.3453-58, Overnight Range: 1.3451-1.3469,  Previous Close: 1.3464 WTI Oil open at $81.77 and gold open at $2,010.92. US markets are higher today. For today, USD resistance is at 1.3498. Support is at 1.3411.   Bank of Canada expected to leave rates unchanged today. US CPI and FOMC minutes on tap. US dollar traded […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trapped in a range

USD/CAD Open: 1.3499-03, Overnight Range: 1.3484-1.3511,  Previous Close: 1.3510 WTI Oil open at $80.09 and gold open at $2,004.44. US markets are mixed today. For today, USD resistance is at 1.3474. Support is at 1.3457.   Canadian dollar lags improved global risk sentiment. Bank of Canada meeting on Wednesday. US dollar retreats overnight. The stellar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading sideways

USD/CAD Open: 1.3495-99, Overnight Range: 1.3486-1.3528,  Previous Close: 1.3513 WTI Oil open at $80.80 and gold open at $2,000.60. US markets are mixed today. For today, USD resistance is at 1.3527. Support is at 1.3496.   Canada dollar pressured by higher US interest rate outlook. European markets closed for Easter Monday. US dollar posts small […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar looking ahead to jobs data

USD/CAD Open: 1.3474-78, Overnight Range: 1.3449-1.3488,  Previous Close: 1.3457 WTI Oil open at $80.34 and gold open at $2,019.68. US markets are higher today. For today, USD resistance is at 1.3506. Support is at 1.3458.   Canada expected to have gained 12,000 jobs in March. Risk sentiment is mildly negative heading into Easter weekend. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar JOLTED

USD/CAD Open: 1.3473-77, Overnight Range: 1.3428-1.3482,  Previous Close: 1.3444 WTI Oil open at $80.41 and gold open at $2,024.79.75. US markets are mixed today. For today, USD resistance is at 1.3475. Support is at 1.3452.   JOLTS job openings surprise raises odds the Fed leaves rates unchanged. RBNZ surprises with a 50 bp rate hike. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar becoming overbought

USD/CAD Open: 1.3416-20, Overnight Range: 1.3413-1.3443,  Previous Close: 1.3436 WTI Oil open at $80.93 and gold open at $1,982.75. US markets are lower today. For today, USD resistance is at 1.3456. Support is at 1.3438.   Risk sentiment turns positive on US rate cut optimism. Oil prices grind higher. US dollar on the defensive but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets boost from Opec

USD/CAD Open: 1.3480-85, Overnight Range: 1.3461-1.3535,  Previous Close: 1.3517 WTI Oil open at $79.74 and gold open at $1,966.22. US markets are mixed today. For today, USD resistance is at 1.3443. Support is at 1.3423.   Opec announces surprise production cut. Tomorrow’s RBA decision a 50/50 guess. CAD outperforms as US dollar opens on mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar hangs on to gains

USD/CAD Open: 1.3546-50, Overnight Range: 1.3532-1.3580,  Previous Close: 1.3558 WTI Oil open at $73.67 and gold open at $1,967.38. US markets are higher today. For today, USD resistance is at 1.3560. Support is at 1.3512.   Risk sentiment improves Global equity indexes climbing on hopes for US rate hike pause US dollar trading inches lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar breaking barriers

USD/CAD Open: 1.3586-90, Overnight Range: 1.3576-1.3615,  Previous Close: 1.3598 WTI Oil open at $74.08 and gold open at $1,967.52. US markets are higher today. For today, USD resistance is at 1.3581. Support is at 1.3554.   CAD gains as WTI oil prices rebound. Fears of US banking crisis fade. US dollar trading defensively-opens on mixed […]

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