Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.
US Retail Sales and PPI data on tap Prime Minister Carney is in China US dollar opens with small bid USDCAD open: 1.3888, overnight range 1.3880-1.3898, close 1.3893, WTI 61.95, Gold 4631.21 The Canadian dollar was an afterthought in a dull overnight session even though gold and oil prices climbed sharply. The Canadian dollar […]
US inflation expected to have ticked higher in December USDJPY soars on rising odds of a “snap” election call US dollar opens with small gains across the board USDCAD open: 1.3883, overnight range 1.3868-1.3888, close 1.3880, WTI 60.33, Gold 4586.60 The Canadian dollar drifted sideways in a quiet session as markets waited on this […]
Trump administration subpoenas Fed Chair Powell Gold prices soar US dollar opens under pressure. USDCAD open: 1.3876, overnight range 1.3868-1.3918, close 1.3915, WTI 58.80, Gold 4594.05 The Canadian dollar traded in a wide USDCAD band (1.3642–1.4013) since early December and closed out 2025 with a 4.39% annual gain. It is a surprisingly resilient outcome […]
Divergent Fed and BoC monetary policy outlooks lifting Loonie. Lots of US data today, although the quality is questionable. US dollar opens with losses across the board. Merry Christmas and Happy New Year from Knightsbridge Foreign Exchange. This is the final commentary update of 2025, and will resume on January 5, 2026. We […]
Bank Of Japan hikes rates to 0.75% Global equity markets are ending the week quietly US dollar opened with small gains after quiet session USDCAD open: 1.3794, overnight range 1.3770-1.3798, close 1.3780, WTI 56.02, Gold 4328.22 The Canadian dollar is adrift in a dull holiday market. The only excitement today may come from the […]
US CPI data ahead Bank of England cuts rates in 5-4 decision US dollar opens mixed after quiet overnight session USDCAD open: 1.3779, overnight range 1.3768-1.3789, close 1.3787, WTI 55.84, Gold 4325.32 The Canadian dollar is lost and looking for direction as it bounces between support and resistance levels. FX markets have wound down […]
Oil rallies on Trump’s Venezuela blockade UK inflation numbers sink GBPUSD US dollar recoups some losses after mixed NFP data. USDCAD open: 1.3783, overnight range 1.3753-1.3796, close 1.3755, WTI 56.45, Gold 4317.80 The Canadian dollar turned tail after yesterday’s US nonfarm payrolls numbers failed to confirm the need for aggressive Fed rate cuts. However, […]
Traders looking ahead to major central bank meetings (BoE, ECB and BoJ) US NFP data for October and November due tomorrow US dollar inches lower in quiet overnight session USDCAD open: 1.3775, overnight range 1.3758-1.3777, close 1.3774, WTI 57.12, Gold 4337.72. The Canadian dollar is trading sideways in a narrow range, with traders awaiting […]
Positive risk sentiment lifts global stocks and weighs on US dollar WTI oil prices trading defensively US dollar consolidating losses USDCAD open: 1.3759, overnight range 1.3755-1.3782, close 1.3772, WTI 57.58, Gold 4330.58. The Canadian dollar rallied on the back of broad US dollar weakness due to divergent BoC and Fed monetary policy outlooks. The […]
Fed rate cut and BoC hold give Loonie a lift Global equities are mixed after Oracle earnings miss estimates US dollar falls but is off its worst levels USDCAD open: 1.3805, overnight range 1.3785-1.3923, close 1.3794, WTI 57.57, Gold 4216.96. The Canadian dollar traded little changed after the Bank of Canada left interest rates […]
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