News image

Canadian Dollar Update October 17, 2018

USD/CAD Open: 1.2986-1.2987      Overnight Range:     1.2930-1.2995

The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $71.15 and gold is at $1,228.  US markets are lower. There are no releases scheduled for today’s session.

The short-term USD/CAD technicals are neutral.  For today, USD resistance is at 1.3006.  Support is at 1.2924.

The Canadian dollar is lower this morning, a mid-performer in the G10 space against the USD. The recovery in domestic oil prices has stalled, as Western Canada Select struggles to eclipse $25/barrel. Canadian manufacturing sales fell 0.4% in August, which was marginally better than expectations. There are no additional domestic releases scheduled for today, with Friday’s CPI and retail figures providing the next major event risk for CAD.

Today’s Suggested Range USD/CAD: 1.2950 – 1.3050

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

Get An Exchange Quote Now

Sincerely,

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

www.knightsbridgefx.com

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

1

Get Your Free Quote

2

Book Foreign Exchange Rate

3

Send Funds

2

3

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)

Yes

No

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 KBFX | October 17, 2018 | Daily Update | 0 comments