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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 treading water

Risk sentiment turns positive as Trump back-tracks on Powell. Stock markets rally and Treasury yields sink US dollar rallies but CAD and MXN outperform USDCAD: open 1.3805, overnight range 1.3798-1.3861, close 1.3815, WTI 64.54, Gold 3318.08 The Canadian dollar has whip-sawed in a 1.3780-1.3860 range since Monday with traders struggling to find direction. The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar soaring

Trump’s threat to fire Powell tanks greenback. China Leaves benchmark rates unchanged US dives across the board. USDCAD: open 1.3797, overnight range 1.3781-1.3851, close 1.3848, WTI 62.14 Gold 3394.83. The Canadian dollar soared in extremely thin overnight trading as most of the major trading centers were closed for Easter Monday. Those closures include the UK, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting inflation news

  Canada CPI expected to be unchanged in March. Trump hinting at a pause in auto tariffs. US still on the defensive. USDCAD: open 1.3857, overnight range 1.3850-1.3909, close 1.3877, WTI 61.04, Gold 3221.94 The Canadian dollar is trading sideways but with a bit of an updraft ahead of this mornings Canadian March inflation report. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally runs out of steam

  Trump delays tariffs on Chinese electronic imports. Global equity indexes surge. US dollar consolidating losses-AUD outperforms USDCAD: open 1.3848, overnight range 1.3829-1.3885 close 1.3865, WTI 2.08, Gold 3224.12 The Canadian dollar added to last week’s gains in Asia before the rally ran out of steam. The move was driven by external factors and the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rises sharply

Markets rally when Trump blinks US March CPI ex-food and energy expected at 3.0% y/y-February 3.1% US dollar sinks like a rock except against CHF and JPY USDCAD: open 1.4072, overnight range 1.4050-1.4111, close 1.4084, WTI 60.75, Gold 3116.22 The Canadian soared yesterday and then extended the rally overnight after Trump hit the pause button […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar grinding higher

Global equity indexes in free fall China retaliates with a 50% tariff hike to 84% for US imports. US dollar falling as investors “sell America.” USDCAD: open 1.4206, overnight range 1.4194-1.4274 close 1.4264, WTI 56.91 Gold 3044.99 The Canadian dollar is steady and trading with a modest bid as news of China’s tariff retaliation exacerbates […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar hanging tough

Trump escalates trade with China. Global equity markets grinding out gains. US dollar opens lower compared to Monday close. USDCAD: open 1.4198 overnight range 1.4146-1.4246, close 1.4252, WTI 60.82, Gold 3006.90 The Canadian dollar is showing surprising resilience amid the broader volatility in global FX markets. The Loonie is finding some support from the fact […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rangebound but with bearish bias

Loonie is steady in wake of USD risk-aversion rally. Global equity markets drowning in sea of red US dollar opens on a mixed note-antipodean currencies underperform. USDCAD: open 1.4262, overnight range 1.4195-1.4269, close 1.4226, WTI 59.08, Gold 3025.89 The Canadian dollar is holding its ground in a risk-off environment. The Loonie is getting a modest […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting tariff shoe to drop

Markets treading water ahead of Tariff announcements at 4:00 pm EDT. US ADP payrolls data in focus (forecast 105,000, previous 77,000) US dollar retreats modestly in quiet session. USDCAD: open 1.4312, overnight range 1.4284-1.4327, close 1.4304, WTI 71.15, Gold 3130.99 The Canadian dollar caught a bid yesterday after US ISM and JOLTS job openings reports […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar inching lower

Looming tariffs are weighing on the Loonie US ISM Manufacturing PMI expected to dip to 49.5 from 50.3. US dollar trading sideways but bid against commodity bloc. USDCAD: open 1.4369, overnight range 1.4367-1.4404, close 1.4388, WTI 71.70, Gold 3132.33 The Canadian dollar is slowly sinking as Trump’s tariff day approaches. CAD sentiment is bearish, as […]

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