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Daily Update

Updates on the latest happenings surrounding the Canadian dollar, other USD/CAD-related news, and useful currency exchange tools including our currency converter.

canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar sinks

USD/CAD Open: 1.3747, Overnight Range: 1.3721-1.3761,  Previous Close: 1.3728 WTI Oil open at $77.44 and gold open at $2,311.03. US markets are mixed today. For today, USD resistance is at 1.3727. Support is at 1.3717.   Hawkish Fed comments from Neel Kashkari sinks Loonie. More Fed-speak today but no data. USD dollar opens higher with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar survives the Fed

USD/CAD Open: 1.3718, Overnight Range: 1.3705-1.3743,  Previous Close: 1.3740 WTI Oil open at $79.69 and gold open at $2,301.85. US markets are higher today. For today, USD resistance is at 1.3678. Support is at 1.3660.   Fed sticks to its plan. Bank of Japan intervenes again. USD consolidating yesterday’s post-FOMC losses. The Canadian dollar sank […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Sinks into FOMC meeting

USD/CAD Open: 1.3773, Overnight Range: 1.3767-1.3784,  Previous Close: 1.3780 WTI Oil open at $80.43 and gold open at $2,291.93. US markets are higher today. For today, USD resistance is at 1.3785. Support is at 1.3750.   Fed expected to adopt a hawkish bias. Governor Tiff Macklem address Senate Banking Committee. USD opens with a bid, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar opens nearly unchanged from Friday

USD/CAD Open: 1.3655, Overnight Range: 1.3632-1.3672,  Previous Close: 1.3670 WTI Oil open at $83.59 and gold open at $2,343.34. US markets are higher today. For today, USD resistance is at 1.3674. Support is at 1.3653.   US Core PCE Price index expected at 2.6% y/y (previous 2.8%) Tame BoJ sinks yen. US dollar trades defensively […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar firming ahead of US GDP

USD/CAD Open: 1.3677, Overnight Range: 1.3670-1.3708,  Previous Close: 1.3702 WTI Oil open at $82.73 and gold open at $2,324.98. US markets are lower today. For today, USD resistance is at 1.3674. Support is at 1.3640.   US Q1 GDP expected to rise 2.5%. German data underpinning EURUSD USD trades defensively and slips against the majors. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Ignores Federal Budget

USD/CAD Open: 1.3807, Overnight Range: 1.3801-1.3838,  Previous Close: 1.3829 WTI Oil open at $84.48 and gold open at $2,392.60. US markets are lower today. For today, USD resistance is at 1.3780. Support is at 1.3766.   Budget a non-event for FX markets. Fed Chair Powell downplays rate cuts. USD consolidating gains, opens with small losses. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Awaits CPI

USD/CAD Open: 1.3792, Overnight Range: 1.3784-1.3814,  Previous Close: 1.3788 WTI Oil open at $85.06 and gold open at $2,372.19. US markets are mixed today. For today, USD resistance is at 1.3839. Support is at 1.3814.   Canada CPI consensus forecast 0.7% m/m (February 0.3%). Risk aversion ripples underpinning greenback. US dollar opens little change from […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar recoups some losses

USD/CAD Open: 1.3739, Overnight Range: 1.3734-1.3783,  Previous Close: 1.3776 WTI Oil open at $84.80 and gold open at $2,349.74. US markets are lower today. For today, USD resistance is at 1.3793. Support is at 1.3779.   Risk aversion recedes. WTI oil drops as supply disruption fears fade. US dollar gives back some of Friday’s gains. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar remains under pressure

USD/CAD Open: 1.3737, Overnight Range: 1.3682-1.3743,  Previous Close: 1.3689 WTI Oil open at $86.03 and gold open at $2,397.73. US markets are lower today. For today, USD resistance is at 1.3797. Support is at 1.3757.   BoC and Fed rate outlooks diverge. Gold climbs to new all-time high US dollar opens with modest gains-EUR sinks […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update – Canadian Dollar bounces off of support

USD/CAD Open: 1.3611-15, Overnight Range: 1.3566-1.3614,  Previous Close: 1.3567 WTI Oil open at $81.94 and gold open at $2,197.56. US markets are mixed today. For today, USD resistance is at 1.3551. Support is at 1.3525.   Canadian Dollar bounces off of support FX liquidity low due to holidays. Canada GDP expect at 0.4% in January. […]

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