Call Us for a Free No-Obligation Quote
1.877.355.5239
USD/CAD Open: 1.3334-1.3335 Overnight Range: 1.3289-1.3343
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $51.24 and gold is at $1,217. US markets are higher. There are no releases scheduled for today’s session.
The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3354. Support is at 1.3303.
The Canadian dollar is once again lower, underperforming all the G10 currencies. Trade concerns continue to dominate headlines ahead of this weekend’s G10 meeting, with the latest surrounding President Trump’s exploring the possibility of taxing the global automotive sector (outside of Canada and Mexico). The domestic monetary policy outlook continues to deteriorate. There are no releases on the domestic calendar for today.
Today’s Suggested Range USD/CAD: 1.3300 – 1.3400
Don't Waste Money With Banks.
Get Exchange Rates Up to 2% Better With KnightsbridgeFX
Sincerely,
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.
We are built to beat bank exchange rates and save you money
Knightsbridge Foreign Exchange is registered and regulated by FINTRAC (a government of Canada agency). Like most financial institutions, we are required to validate the identity of all clients. We have strict measures in place to protect your privacy.
Contact Us
Head office
First Canadian Place
100 King Street West
Suite 5700 Toronto, ON,
M5X 1C7
(416) 479-0834
Toll-Free: 1-877-355-5239
© 2023 Knightsbridge Foreign Exchange. All rights reserved. Currency Exchange Canada.
Reviews rating 5 of 5 - Based on BBB Reviews