Call Us for a Free No-Obligation Quote
1.877.355.5239
USD/CAD Open: 1.3321-1.3322 Overnight Range: 1.3270-1.3331
The Canadian dollar was rangebound in overnight currency exchange markets. Oil is at $50.78 and gold is at $1,231. US markets are higher. Today Canada released GDP data for the third quarter.
The short-term USD/CAD technicals are neutral-bearish. For today, USD resistance is at 1.3354. Support is at 1.3258.
The Canadian dollar is softening against the US dollar, approaching 5-month lows. Third-quarter GDP was in line with expectations, with the economy growing 2%, slower than the second quarter’s 2.9% pace. The new NAFTA agreement was signed by the three countries involved this morning. This weekends G20 Summit will be watched by market participants, particularly in the context of global trade. There are no further domestic releases 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.
Our Offices
Main office (Appointment only)
First Canadian Place
100 King Street West
Suite 5700 Toronto, ON,
M5X 1C7
(416) 479-0834
Toll-Free: 1-877-355-5239
Fax: 1-877-355-5239
All rights reserved. Knightsbridge Foreign Exchange
Currency Exchange Canada.
