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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 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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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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