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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 gives back early morning gains

USD/CAD Open: 1.3162-66, Overnight Range: 1.3121-1.3171,  Previous Close: 1.3164 WTI Oil open at $75.67 and gold open at $1,980.97. US markets are mixed today. For today, USD resistance is at 1.3183. Support is at 1.3165.   US weekly jobless claims are better than expected. Sterling drops as trades reprice BoE rate hikes. US dollar continues […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting CPI

USD/CAD Open: 1.3192-96, Overnight Range: 1.3187-1.3211,  Previous Close: 1.3200 WTI Oil open at $74.72 and gold open at $1,963.45. US markets are higher today. For today, USD resistance is at 1.3181. Support is at 1.3157.   Canada CPI expected to fall to 3.0% y/y from 3.4% in May. US Retail Sales expected to rise 0.5% […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar consolidates gains

USD/CAD Open: 1.3116-20, Overnight Range: 1.3094-1.3137,  Previous Close: 1.3110 WTI Oil open at $76.85 and gold open at $1,956.11. US markets are mixed today. For today, USD resistance is at 1.3250. Support is at 1.3197.   Canadian dollar rising on negative USD sentiment. Higher oil prices support Canadian dollar gains. US dollar opens little changed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar buoyed by jobs data

USD/CAD Open: 1.3286-90, Overnight Range: 1.3274-1.3301,  Previous Close: 1.3277 WTI Oil open at $73.49 and gold open at $1,923.41. US markets are higher today. For today, USD resistance is at 1.3287. Support is at 1.3274.   Canadian dollar consolidating gains after robust jobs data. BoC monetary Policy decision Wednesday. US dollar trading defensively.   The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar top dog in June

USD/CAD Open: 1.3252-56, Overnight Range: 1.3243-1.3267,  Previous Close: 1.3252 WTI Oil open at $70.21 and gold open at $1,905.03. US markets are higher today. For today, USD resistance is at 1.3262. Support is at 1.3230.   Canadian dollar rises 2.30% in June. Canada April GDP expected to rise 0.2% US dollar opens on a mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar trading defensively

USD/CAD Open: 1.3224-28, Overnight Range: 1.3191-1.3233,  Previous Close: 1.3192 WTI Oil open at $68.21 and gold open at $1,908.11. US markets are mixed today. For today, USD resistance is at 1.3264. Support is at 1.3239.   Fed Powell’s comments help sink Loonie. Month, quarter, and half-year rebalancing flows distorting markets. US dollar eases lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks with lower inflation

USD/CAD Open: 1.3224-28, Overnight Range: 1.3191-1.3233,  Previous Close: 1.3192 WTI Oil open at $68.21 and gold open at $1,908.11. US markets are mixed today. For today, USD resistance is at 1.3272. Support is at 1.3245.   Falling Canadian inflation data sinks Loonie. EURUSD supported by hawkish ECB rate outlook. US dollar positing modest gains in […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar inching higher

USD/CAD Open: 1.3165-69, Overnight Range: 1.3141-1.3181,  Previous Close: 1.3182 WTI Oil open at $69.48 and gold open at $1,929.67. US markets are mixed today. For today, USD resistance is at 1.3167. Support is at 1.3126.   Markets ignore Russian drama. EURUSD shrugs off weak German Ifo report. US dollar starts weak on the defensive.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar reaches tipping point

USD/CAD Open: 1.3145-49, Overnight Range: 1.3141-1.3167,  Previous Close: 1.3165 WTI Oil open at $71.64 and gold open at $1,928.98. US markets are mixed today. For today, USD resistance is at 1.3161. Support is at 1.3133.   Loonie rising as expected BoC rate hikes to match Fed. Bank of England surprises with a 50bp rate bump. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting retail sales report

USD/CAD Open: 1.3221-25, Overnight Range: 1.3211-1.3244,  Previous Close: 1.3234 WTI Oil open at $71.17 and gold open at $1,933.41. US markets are lower today. For today, USD resistance is at 1.3179. Support is at 1.3143.   Fed Chair Jerome Powell testifies to Congress today. Canada’s April retail sales expected to rebound modestly. US dollar inches […]

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