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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 awaiting Canada growth data

USD/CAD Open: 1.3596-00, Overnight Range: 1.3586-1.3617,  Previous Close: 1.3617 WTI Oil open at $72.53 and gold open at $1,946.01. US markets are higher today. For today, USD resistance is at 1.3601. Support is at 1.3572.   European and many European markets closed for holidays. FX focus shifts to Fed after talk of debt ceiling deal. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar fading

USD/CAD Open: 1.3594-98, Overnight Range: 1.3590-1.3611,  Previous Close: 1.3595 WTI Oil open at $73.05 and gold open at $1,960.98. US markets are mixed today. For today, USD resistance is at 1.3656. Support is at 1.3602.   Germany falls into technical recession. Fitch puts US AAA debt rating on negative watch. US dollar grinding higher on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar showing resilience

USD/CAD Open: 1.3544-48, Overnight Range: 1.3498-1.3549,  Previous Close: 1.3502 WTI Oil open at $74.36 and gold open at $1,975.79. US markets are lower today. For today, USD resistance is at 1.3624. Support is at 1.3570.   FOMC minutes may be overshadowed by debt ceiling concerns. RBNZ surprises market with dovish tilt. US dollar opens mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar heading into long weekend

USD/CAD Open: 1.3470-74, Overnight Range: 1.3472-1.3511,  Previous Close: 1.3502 WTI Oil open at $72.66 and gold open at $1,967.86. US markets are lower today. For today, USD resistance is at 1.3526. Support is at 1.3491.   G-7 and Powell-Bernanke discussion in focus. Canada closed Monday. US dollar retreats slightly, overnight. The Canadian dollar traded with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar stuck in a loop

USD/CAD Open: 1.3469-73, Overnight Range: 1.3454-1.3480,  Previous Close: 1.3455 WTI Oil open at $72.51 and gold open at $1,977.71. US markets are higher today. For today, USD resistance is at 1.3521. Support is at 1.3489.   G-7 meeting starts on Friday. FX volumes low in Europe due to national holidays. US dollar extends gains overnight, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar in limbo

USD/CAD Open: 1.3390-94, Overnight Range: 1.3372-1.3396,  Previous Close: 1.3384 WTI Oil open at $72.62 and gold open at $2,029.55. US markets are mixed today. For today, USD resistance is at 1.3411. Support is at 1.3356.   US April CPI forecast 5.0% and Core-CPI forecast 5.5% y/y. Fed Williams does not expect a rate cut in […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar extending gains

USD/CAD Open: 1.3340-44, Overnight Range: 1.3334-1.3386,  Previous Close: 1.3376 WTI Oil open at $72.83 and gold open at $2,022.75. US markets are mixed today. For today, USD resistance is at 1.3374. Support is at 1.3344.   UK closed in honor of King Charles coronation. Market focus in on US CPI on Wednesday. US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds sharply

USD/CAD Open: 1.3505-09, Overnight Range: 1.3488-1.3540,  Previous Close: 1.3538 WTI Oil open at $69.72 and gold open at $2,037.65. US markets are higher today. For today, USD resistance is at 1.3408. Support is at 1.3360.   US regional bank woes, dovish Fed, hawkish ECB, sink greenback. Nonfarm payrolls expected to rise just 179,000. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rangebound (again)

USD/CAD Open: 1.3607-11, Overnight Range: 1.3584-1.3631,  Previous Close: 1.3615 WTI Oil open at $68.97 and gold open at $2,037.86. US markets are lower today. For today, USD resistance is at 1.3553. Support is at 1.3520.   Fed hikes and hints at a pause. ECB expected to hike rates 25 bps. US dollar trading defensively, opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar reverses gains

USD/CAD Open: 1.3579-83, Overnight Range: 1.3530-1.3583,  Previous Close: 1.3543 WTI Oil open at $75.15 and gold open at $1,983.70. US markets are lower today. For today, USD resistance is at 1.3636. Support is at 1.3616.   EURUSD drops despite inflation rise. RBA surprisingly hawkish, AUDUSD rallies. US dollar opens with a modest bid following Eurozone […]

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