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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 firms ahead of employment data

USD/CAD Open: 1.3456-60, Overnight Range: 1.3450-1.3467,  Previous Close: 1.3460 WTI Oil open at $76.41 and gold open at $2,032.92. US markets are mixed today. For today, USD resistance is at 1.3479. Support is at 1.3446.   Canada expected to have gained 15,000 jobs in January. Lunar New Year holidays begin. USD traded sideways overnight and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar treading water

USD/CAD Open: 1.3538-42, Overnight Range: 1.3506-1.3544,  Previous Close: 1.3540 WTI Oil open at $72.86 and gold open at $2,023.97. US markets are mixed today. For today, USD resistance is at 1.3549. Support is at 1.3497.   BoC Governor Macklem delivers remarks on economy today. The US data calendar is empty leaving traders looking for a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar faces off against the Fed

USD/CAD Open: 1.3428-32, Overnight Range: 1.3397-1.3433,  Previous Close: 1.3399 WTI Oil open at $77.00 and gold open at $2,037.32. US markets are mixed today. For today, USD resistance is at 1.3429. Support is at 1.3333.   Canadian growth data could give Loonie a lift. IMF raises global growth outlook. US dollar recoups some losses overnight-AUD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar testing approaching resistance zone

USD/CAD Open: 1.3434-38, Overnight Range: 1.3429-1.3463,  Previous Close: 1.3458 WTI Oil open at $78.12 and gold open at $2,027.62. US markets are mixed today. For today, USD resistance is at 1.3469. Support is at 1.3415.   Oil prices climb on rising Middle East tensions. Wednesday’s Fed meeting in focus. US dollar is trading defensively despite […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds

USD/CAD Open: 1.3447-51, Overnight Range: 1.3443-1.3484,  Previous Close: 1.3477 WTI Oil open at $76.70 and gold open at $2,023.61. US markets are mixed today. For today, USD resistance is at 1.3457. Support is at 1.3436.   Core-PCE inflation expected to fall. Focus shifting to FOMC meeting. US dollar is rangebound, but CAD outperforms.   The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gives back gains

USD/CAD Open: 1.3474-78, Overnight Range: 1.3453-1.3486,  Previous Close: 1.3479 WTI Oil open at $74.24 and gold open at $2,024.99. US markets are lower today. For today, USD resistance is at 1.3508. Support is at 1.3463.   Loonie ignores oil price rise. BoJ leaves rates unchanged as expected. US dollar trades quietly and opens with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar outperforms G-10 currencies

USD/CAD Open: 1.3422-26, Overnight Range: 1.3414-1.3447,  Previous Close: 1.3430 WTI Oil open at $73.45 and gold open at $2,022.81. US markets are higher today. For today, USD resistance is at 1.3492. Support is at 1.3467.   Loonie rises on prospect of hawkish BoC outcome. BoJ and ECB monetary policy meetings this week. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar falls further

USD/CAD Open: 1.3493-97, Overnight Range: 1.3423-1.3500,  Previous Close: 1.3426 WTI Oil open at $73.20 and gold open at $2,040.90. US markets are lower today. For today, USD resistance is at 1.3504. Support is at 1.3486.   Canadian inflation data due today. Risk sentiment turns negative. US dollar rallies across the board-AUD underperforms,   The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gets chilly reception

USD/CAD Open: 1.3415-19, Overnight Range: 1.3382-1.3426,  Previous Close: 1.3410 WTI Oil open at $72.24 and gold open at $2,053.43. US markets are mixed today. For today, USD resistance is at 1.3460. Support is at 1.3417.   Slumping oil prices weigh on Canadian dollar. Market activity subdued because of US holiday. US dollar firms on risk […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar fading

USD/CAD Open: 1.3371-75, Overnight Range: 1.3366-1.3397,  Previous Close: 1.3392 WTI Oil open at $72.21 and gold open at $2,035.01. US markets are higher today. For today, USD resistance is at 1.3388. Support is at 1.3374.   Global markets in limbo until US inflation data, Thursday WTI inches higher on escalating Red Sea tensions. US dollar […]

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