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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 pushing its boundaries

USD/CAD Open: 1.3287-91, Overnight Range: 1.3287-1.3318,  Previous Close: 1.3315 WTI Oil open at $70.09 and gold open at $1,951.62. US markets are mixed today. For today, USD resistance is at 1.3308. Support is at 1.3263.   Loonie probing resistance and hoping to break higher. FOMC widely expected to skip a rate hike today. US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar shrugs off weak employment report

USD/CAD Open: 1.3327-31, Overnight Range: 1.3317-1.3357,  Previous Close: 1.3341 WTI Oil open at $68.22 and gold open at $1,965.27. US markets are higher today. For today, USD resistance is at 1.3383. Support is at 1.3361.   Focus on FOMC and ECB meetings this week. WTI oil slumps despite Saudi production cut. US dollar opens lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar awaiting employment report

USD/CAD Open: 1.3336-40, Overnight Range: 1.3334-1.3369,  Previous Close: 1.3358 WTI Oil open at $71.56 and gold open at $1,961.99. US markets are higher today. For today, USD resistance is at 1.3361. Support is at 1.3333.   Consensus forecast for Canadian May jobs is a gain of 21,000. Fed expected to skip a June rate hike. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar bounce from BoC fades

USD/CAD Open: 1.3343-47, Overnight Range: 1.3336-1.3374,  Previous Close: 1.3371 WTI Oil open at $72.81 and gold open at $1,946.52. US markets are higher today. For today, USD resistance is at 1.3373. Support is at 1.3335.   Bank of Canada hiked but Loonie rally stalls. EuroStat says Eurozone is in a recession. US dollar opens softer […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar consolidating gains

USD/CAD Open: 1.3417-21, Overnight Range: 1.3392-1.3449,  Previous Close: 1.3444 WTI Oil open at $70.91 and gold open at $1,962.46. US markets are higher today. For today, USD resistance is at 1.3468. Support is at 1.3366.   Reserve Bank of Australia raises rates. Oil prices slide despite Saudi production cut plans. US dollar mildly softer. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar rebounds

USD/CAD Open: 1.3564-68, Overnight Range: 1.3563-1.3583,  Previous Close: 1.3575 WTI Oil open at $68.18 and gold open at $1,960.45. US markets are higher today. For today, USD resistance is at 1.3465. Support is at 1.3429.   Fed officials suggest they may “skip” a June rate increase. Eurozone inflation cools more than expected. USD drifts lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar probing resistance

USD/CAD Open: 1.3640-44, Overnight Range: 1.3601-1.3650,  Previous Close: 1.3600 WTI Oil open at $68.31 and gold open at $1,958.58. US markets are lower today. For today, USD resistance is at 1.3636. Support is at 1.3542.   Month-end flows distorting markets. Weak Chinese PMI data boosts greenback. US dollar opens with gains except against JPY. The […]

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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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