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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 steady

USD/CAD Open: 1.3516-20, Overnight Range: 1.3496-1.3529,  Previous Close: 1.3515 WTI Oil open at $76.33 and gold open at $2,031.84. US markets are lower today. For today, USD resistance is at 1.3515. Support is at 1.3490.   Plenty of actionable data this week, but not today. US/China trade tensions reignite. US dollar trading with a mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar chasing its tail

USD/CAD Open: 1.3486-90, Overnight Range: 1.3472-1.3503,  Previous Close: 1.3483 WTI Oil open at $77.54 and gold open at $2,022.81. US markets are mixed today. For today, USD resistance is at 1.3501. Support is at 1.3449.   Equity markets surge and ignore rising Treasury yields. Fed policymakers reiterate unchanged rates for longer views. US dollar retreat […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar slips on CPI dip

USD/CAD Open: 1.3520-24, Overnight Range: 1.3505-1.3536,  Previous Close: 1.3523 WTI Oil open at $76.66 and gold open at $2,030.08. US markets are lower today. For today, USD resistance is at 1.3529. Support is at 1.3475.   Canada CPI rose 2.9% y/y (forecast 3.3%) Minutes from Jan 31 FOMC meeting ahead. US dollar drifts in narrow, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar broken-hearted after US CPI

USD/CAD Open: 1.3533-37, Overnight Range: 1.3533-1.3573,  Previous Close: 1.3566 WTI Oil open at $78.03 and gold open at $1,993.01. US markets are higher today. For today, USD resistance is at 1.3551. Support is at 1.3531.   Hot US inflation crushes breaks Loonie’s heart. Weak UK data sinks GBPUSD. US dollar is steady after Tuesday’s rally. […]

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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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