News image

Canadian Dollar Update September 19, 2018

USD/CAD Open: 1.2954-1.2955      Overnight Range:     1.2932-1.3007

The Canadian dollar was rangebound in overnight currency exchange markets.  Oil is at $70.21 and gold is at $1,207.  US markets are mixed. There are no releases scheduled for today’s session.

The short-term USD/CAD technicals are bearish.  For today, USD resistance is at 1.3038.  Support is at 1.2906.

The Canadian dollar continues to improve against a soft US dollar. Markets seem to be resistant to new trade tensions, reacting little to recent developments between the US and China. US fundamentals remain strong, with monetary policy expectations, terms of trade, and economic developments all underpinning USD strength. NAFTA talks are ongoing, as the US is increasing pressure on Canada to come to an agreement, to little avail. There are no domestic releases of consequence scheduled for today.

Today’s Suggested Range USD/CAD: 1.2900 – 1.3000

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 | September 19, 2018 | Daily Update | 0 comments