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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 hangs on to gains

USD/CAD Open: 1.3546-50, Overnight Range: 1.3532-1.3580,  Previous Close: 1.3558 WTI Oil open at $73.67 and gold open at $1,967.38. US markets are higher today. For today, USD resistance is at 1.3560. Support is at 1.3512.   Risk sentiment improves Global equity indexes climbing on hopes for US rate hike pause US dollar trading inches lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 22, 2023 – Canadian dollar counting down until FOMC meeting.

USD/CAD Open: 1.3700-04, Overnight Range: 1.3697-1.3717,  Previous Close: 1.3713 WTI Oil open at $69.13 and gold open at $1,944.69. US markets are lower today. For today, USD resistance is at 1.3741. Support is at 1.3717.   FOMC meeting could lead to market volatility. UK inflation surged in February. US dollar trading defensively, CAD underperforms. The […]

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Canadian Dollar Update, March 20, 2023 – Canadian dollar gains hampered by falling oil prices.

USD/CAD Open: 1.3718-22, Overnight Range: 1.3688-1.3745,  Previous Close: 1.3735 WTI Oil open at $64.69 and gold open at $1,983.90. US markets are higher today. For today, USD resistance is at 1.3676. Support is at 1.3644.   G-7 central bankers act to boost global liquidity. Safe-have demand crushes 10-year Treasury yield. US dollar rises against commodity […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 14, 2023 – Canadian dollar firm ahead of US CPI

USD/CAD Open: 1.3734-38, Overnight Range: 1.3689-1.3748,  Previous Close: 1.3731 WTI Oil open at $73.18 and gold open at $1,901.24. US markets are higher today. For today, USD resistance is at 1.3714. Support is at 1.3646.   Traders are pricing in a lower Fed terminal rate. US CPI headline expected to drop to 6.0% from 6.4% […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 9, 2023 – Canadian dollar sinks on dovish Bank of Canada outlook.

USD/CAD Open: 1.3790-94, Overnight Range: 1.3792-1.3816,  Previous Close: 1.3803 WTI Oil open at $76.60 and gold open at $1,818.14. US markets are lower today. For today, USD resistance is at 1.3846. Support is at 1.3814.   BoC leaves rates unchanged and Canadian dollar plunges. Fed Chair Powell warns of higher rates for longer. US dollar […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 8, 2023 – Canadian dollar falls through the floor.

USD/CAD Open: 1.3753-58, Overnight Range: 1.3748-1.3772,  Previous Close: 1.3754 WTI Oil open at $77.38 and gold open at $1,814.08. US markets are lower today. For today, USD resistance is at 1.3818. Support is at 1.3770.   Hawkish Powell sinks Canadian dollar. Bank of Canada ahead-no change in rates expected. US dollar consolidates Tuesdays gains overnight. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 1, 2023 – Canadian dollar sentiment flips to bullish

USD/CAD Open: 1.3597-01, Overnight Range: 1.3587-1.3657,  Previous Close: 1.3646 WTI Oil open at $76.16 and gold open at $1,834.79. US markets are mixed today. For today, USD resistance is at 1.3654. Support is at 1.3552.   Canada Q4 GDP weaker than expected. Chinese PMI data surges, boosting global risk sentiment. US dollar gives up ground […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 27, 2023 – Canadian dollar bounces off resistance-again

USD/CAD Open: 1.3593-97, Overnight Range: 1.3589-1.3623,  Previous Close: 1.3607 WTI Oil open at $76.31 and gold open at $1,810.54. US markets are higher today. For today, USD resistance is at 1.3595. Support is at 1.3549.   FX churns due to month-end flows and geopolitics Canada Q4 GDP due Tuesday US dollar opens with modest losses […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 24, 2023 – Canadian dollar tumbling

USD/CAD Open: 1.3574-78, Overnight Range: 1.3529-1.3602,  Previous Close: 1.3549 WTI Oil open at $76.01 and gold open at $1,822.46. US markets are lower today. For today, USD resistance is at 1.3682. Support is at 1.3605.   Geopolitics and US rate outlook fuels US dollar demand US Core PCE data and Michigan Consumer Sentiment in focus […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 14, 2023 – Canadian dollar is everyone’s sweetheart

USD/CAD Open: 1.3342-46, Overnight Range: 1.3330-1.3352,  Previous Close: 1.3331 WTI Oil open at $78.93 and gold open at $1,859.63. US markets are mixed today. For today, USD resistance is at 1.3380. Support is at 1.3318.   Loonie probing major resistance area US dollar on the defensive ahead of January inflation data US dollar modestly lower […]

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