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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 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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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar trickles higher

USD/CAD Open: 1.3569-73, Overnight Range: 1.3560-1.3591,  Previous Close: 1.3586 WTI Oil open at $81.89 and gold open at $2,191.43. US markets are lower today. For today, USD resistance is at 1.3594. Support is at 1.3573.   US Durable Goods Orders and Consumer Confidence ahead. Traders are sidelined ahead of data. US opens lower compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar consolidating losses

USD/CAD Open: 1.3593-97, Overnight Range: 1.3585-1.3615,  Previous Close: 1.3603 WTI Oil open at $81.12 and gold open at $2,168.53. US markets are lower today. For today, USD resistance is at 1.3596. Support is at 1.3566.   China takes a stand against CNY weakness. Key US inflation data due on Thursday. US hangs on to gains […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar takes a dive

USD/CAD Open: 1.3528-32, Overnight Range: 1.3528-1.3550,  Previous Close: 1.3535 WTI Oil open at $80.83 and gold open at $2,171.62. US markets are lower today. For today, USD resistance is at 1.3553. Support is at 1.3526.   Traders reduce Fed rate cut bets. Upcoming FOMC meeting will limit trading activity. US dollar consolidating Thursday’s gains.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian Dollar Rally Halted

USD/CAD Open: 1.3470-74, Overnight Range: 1.3470-1.3493,  Previous Close: 1.3486 WTI Oil open at $78.22 and gold open at $2,180.61. US markets are mixed today. For today, USD resistance is at 1.3495. Support is at 1.3471.   Markets sidelined ahead of Tuesday’s US Core inflation report. Retreating equity prices weigh on risk sentiment. US dollar trading […]

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