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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 - knightsbridgefx

Canadian Dollar Update – Canadian dollar trading with a mixed bias

USD/CAD Open: 1.3630-34, Overnight Range: 1.3606-1.3645,  Previous Close: 1.3611 WTI Oil open at $85.61 and gold open at $1,923.03. US markets are mixed today. For today, USD resistance is at 1.3663. Support is at 1.3642.   Canadian inflation data could cause some fireworks. US Retail Sales may reignite US dollar demand. US dollar consolidating recent […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar consolidating

USD/CAD Open: 1.3485-89, Overnight Range: 1.3482-1.3514,  Previous Close: 1.3498 WTI Oil open at $93.47 and gold open at $1,875.99. US markets are higher today. For today, USD resistance is at 1.3502. Support is at 1.3478.   WTI oil prices surge to $95.03 /b overnight. Treasury yields continue to climb. CAD dollar best performing currency overnight. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading quietly

USD/CAD Open: 1.3466-70, Overnight Range: 1.3470-1.3491,  Previous Close: 1.3482 WTI Oil open at $90.32 and gold open at $1,922.87. US markets are lower today. For today, USD resistance is at 1.3495. Support is at 1.3442.   US Treasury yields testing 4.50% area. Soft German data weighs on EURUSD. US dollar grinding out gains.   The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar inching higher

USD/CAD Open: 1.3460-64, Overnight Range: 1.3454-1.3486,  Previous Close: 1.3484 WTI Oil open at $90.58 and gold open at $1,925.37. US markets are lower today. For today, USD resistance is at 1.3508. Support is at 1.3452.   Canada Retail Sales expected to rebound. US 10-year Treasury yield flirting with 4.50% US gives back some gains but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar crushed by FOMC

USD/CAD Open: 1.3492-96, Overnight Range: 1.3453-1.3511,  Previous Close: 1.3461 WTI Oil open at $88.80 and gold open at $1,922.89. US markets are lower today. For today, USD resistance is at 1.3487. Support is at 1.3470.   Fed suggests rates will be higher for longer. European central bank actions cause some surprises. US dollar rallies across […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rally stalling

USD/CAD Open: 1.3505-09, Overnight Range: 1.3494-1.3518,  Previous Close: 1.3510 WTI Oil open at $90.44 and gold open at $1,918.24. US markets are lower today. For today, USD resistance is at 1.3551. Support is at 1.3470.   Chinese data and latest RRR cut boost risk sentiment. Dovish ECB outlook sinks EURUSD. US dollar rises against EUR […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rises with improved risk sentiment

USD/CAD Open: 1.3596-68, Overnight Range: 1.3587-1.3640,  Previous Close: 1.3640 WTI Oil open at $87.00 and gold open at $1,925.49. US markets are higher today. For today, USD resistance is at 1.3598. Support is at 1.3551.   Risk sentiment turns positive with JPY rally. PBoC pushes back against USDCNY gains. US dollar gives back some gains-AUD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar underperforms

USD/CAD Open: 1.3664-68, Overnight Range: 1.3652-1.3690,  Previous Close: 1.3687 WTI Oil open at $87.28 and gold open at $1,925.27. US markets are higher today. For today, USD resistance is at 1.3671. Support is at 1.3611.   Pending G-20 meeting provides market distraction today Canadian dollar shrugs off Governor Macklem speech US dollar rally takes a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinking slowly

USD/CAD Open: 1.3597-01, Overnight Range: 1.3584-1.3607,  Previous Close: 1.3603 WTI Oil open at $80.22 and gold open at $1,914.14. US markets are higher today. For today, USD resistance is at 1.3609. Support is at 1.3592.   Powell speech emboldens rate hike hawks. UK markets closed for bank holiday. USD dollar is modestly bid and consolidating […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar falls further

USD/CAD Open: 1.3517-21, Overnight Range: 1.3504-1.3552,  Previous Close: 1.3532 WTI Oil open at $79.77 and gold open at $1,895.32. US markets are lower today. For today, USD resistance is at 1.3572. Support is at 1.3516.   FOMC minutes rekindle rate hike fears. US 10-year Treasury yield makes new cycle high. US dollar remains bid but […]

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