News image

Canadian Dollar Update July 17, 2017

USD/CAD Open: 1.2655-1.2656      Overnight Range:     1.2639-1.2673

The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $46.34 and gold is at $1,233.  US futures are mixed. There are no major domestic data releases scheduled for today.

The short term Canadian dollar technicals are neutral.  For today, USD resistance is at 1.2725.  Support is at 1.2618.

CAD is quiet early in today’s session, consolidating slightly below recent 14-month highs. Domestic expectations continue to firm, with roughly 25bps of tightening priced in over the next 12 months. CAD’s primary drivers remainder supportive; crude is firmer over the past week, and spreads with the United States remain narrow. News surrounding next month’s NAFTA talks is something to take note of in the coming weeks. Domestic releases are limited with the exception of Friday’s CPI and retail sales.

Today’s Suggested Range USD/CAD: 1.2600 – 1.2700

Don't Waste Money With Banks.
Get Exchange Rates Up to 2% Better With KnightsbridgeFX

Get An Exchange Quote Now


Rahim Madhavji | Knightsbridge Foreign Exchange | Toll-Free: 1-877-355-5239

Knightsbridge Foreign Exchange has based the opinions expressed herein on information generally available to the public. Knightsbridge Foreign Exchange makes no warranty concerning the accuracy of this information and specifically disclaims any liability for trading decisions based on the opinions expressed and information contained herein. Such information and opinions are for general information only and are not intended to present advice with respect to matters reviewed and commented upon.

Click Here to Subscribe

Get Started With Knightsbridge Foreign Exchange


Get Your Free Quote


Book Foreign Exchange Rate


Send Funds



Step 1 : Get Your Free Quote

You completed 0% of your profile.

First Name *

Last Name *

Address *

City *

Province *

Postal Code *

Phone *

Email *

Occupation *

Date of Birth *

Please provide the reason for buying or selling the currency: *

(Travel, Bills to Pay, Purchase or Sale of Investment, etc.)

Please explain how you first obtain the source of funds being sold: *

(such as: Work Income, Sale of Investment, Gift, Inheritance, etc)

Are you or any close relative a Politically Exposed Foreign Person? *

(Head of State, Member of Senate, House of Commons, or Legistrature, etc)



I confirm I am not transacting on behalf of a third party and I have read and I agree to the Terms and Conditions

By Admin | July 17, 2017 | Daily Update | 0 comments