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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 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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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar support is crumbling

USD/CAD Open: 1.3486-90, Overnight Range: 1.3476-1.3510,  Previous Close: 1.3499 WTI Oil open at $80.87 and gold open at $1,906.22. US markets are lower today. For today, USD resistance is at 1.3566. Support is at 1.3500.   Canadian inflation data overshadowed by US developments. FOMC minutes released this afternoon. US dollar consolidating recent gains and maintains […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar hoping for an inflation reprieve

USD/CAD Open: 1.3484-88, Overnight Range: 1.3440-1.3498,  Previous Close: 1.3460 WTI Oil open at $81.88 and gold open at $1,904.52. US markets are lower today. For today, USD resistance is at 1.3505. Support is at 1.3491.   Canada July inflation data on tap China cuts 1-year MLF due to weakening economy US dollar climbs on renewed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar idling

USD/CAD Open: 1.3443-47, Overnight Range: 1.3436-1.3470,  Previous Close: 1.3444 WTI Oil open at $83.00 and gold open at $1,914.12. US markets are higher today. For today, USD resistance is at 1.3462. Support is at 1.3455.   New Chinese concerns unnerve traders. Data void today suggests quiet trading session. US dollar modestly higher against G-10 majors […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar gains ahead of US CPI

USD/CAD Open: 1.3400-04, Overnight Range: 1.3388-1.3424,  Previous Close: 1.3423 WTI Oil open at $84.19 and gold open at $1,921.02. US markets are higher today. For today, USD resistance is at 1.3428. Support is at 1.3377.   US inflation expected to fall slightly. China relaxes group travel restrictions, improving risk sentiment in Asia. US dollar trading […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar resurfaces

USD/CAD Open: 1.3416-20, Overnight Range: 1.3405-1.3430,  Previous Close: 1.3418 WTI Oil open at $83.68 and gold open at $1,936.04. US markets are lower today. For today, USD resistance is at 1.3435. Support is at 1.3408.   China inflation is lower than expected. Markets sidelined ahead of US CPI data, tomorrow. US dollar gives back some […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar sinks on risk aversion

USD/CAD Open: 1.3310-14, Overnight Range: 1.3266-1.3316,  Previous Close: 1.3282 WTI Oil open at $81.88 and gold open at $1,949.75. US markets are lower today. For today, USD resistance is at 1.3361. Support is at 1.3331.   Fitch Ratings downgrades US debt rating. Risk sentiment sours again. US dollar in demand, commodity currency bloc underperforms.   […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar erases gain

USD/CAD Open: 1.3258-62, Overnight Range: 1.3187-1.3273,  Previous Close: 1.3189 WTI Oil open at $81.36 and gold open at $1,957.06. US markets are mixed today. For today, USD resistance is at 1.3310. Support is at 1.3274.   Risk sentiment sours after weak China PMI data. Eurozone unemployment rate inches lower. US dollar gains across the board-AUD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar clawing back losses

USD/CAD Open: 1.3225-29, Overnight Range: 1.3216-1.3261,  Previous Close: 1.3253 WTI Oil open at $81.14 and gold open at $1,956.98. US markets are higher today. For today, USD resistance is at 1.3200. Support is at 1.3176.   Oil prices rising on record demand. Month-end portfolio rebalancing flows weighing on US dollar. US dollar trading with a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting GDP

USD/CAD Open: 1.3222-26, Overnight Range: 1.3221-1.3247,  Previous Close: 1.3225 WTI Oil open at $79.89 and gold open at $1,952.25. US markets are higher today. For today, USD resistance is at 1.3247. Support is at 1.3209.   Canada GDP expected to have risen 0.3% m/m in May. Bank of Japan surprises market by tweaking YCC. US […]

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