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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, December 21, 2022 – Canadian dollar awaiting inflation report

USD/CAD Open: 1.3623-28, Overnight Range: 1.3591-1.3624,  Previous Close: 1.3612 WTI Oil open at $76.91 and gold open at $1,812.79. US markets are higher today. For today, USD resistance is at 1.3625. Support is at 1.3584.   Markets mildly risk positive in low volume trading S&P 500 futures attempting to rally US dollar opens lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 5, 2022 – Canadian dollar attempting to rally

USD/CAD Open: 1.3433-37, Overnight Range: 1.3387-1.3472,  Previous Close: 1.3472 WTI Oil open at $81.70 and gold open at $1,795.32. US markets are lower today. For today, USD resistance is at 1.3601. Support is at 1.3578.   Risk sentiment positive in Asia, less so in Europe Russia unhappy with G-7 oil price cap US dollar consolidating […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 28, 2022 – Canadian dollar roiled by risk aversion

USD/CAD Open: 1.3434-38, Overnight Range: 1.3397-1.3472,  Previous Close: 1.3381 WTI Oil open at $73.78 and gold open at $1,760.55. US markets are lower today. For today, USD resistance is at 1.3480. Support is at 1.3405.   Covid protests raise risk aversion fears New Chinese Covid cases soar over 40,000 US dollar rallies and CAD is […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 18, 2022 – Canadian dollar underperforming

USD/CAD Open: 1.3329-33, Overnight Range: 1.3302-1.3351,  Previous Close: 1.3327 WTI Oil open at $81.47 and gold open at $1,765.04. US markets are mixed today. For today, USD resistance is at 1.3411. Support is at 1.3361.   Markets choppy due to contradictory Fed comments WTI oil under pressure from recession fears US retreats, CAD underperforms The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 25, 2022 – Canadian dollar fading

USD/CAD Open: 1.3732-36, Overnight Range: 1.3681-1.3746,  Previous Close: 1.3706 WTI Oil open at $83.33 and gold open at $1,640.24. US markets are higher today. For today, USD resistance is at 1.3676. Support is at 1.3575.   Weaker oil prices weigh on Loonie Chinese yuan tumbles and supports board US dollar demand US dollar firm opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 13, 2022 – Canadian Dollar Drifting Lower

USD/CAD Open: 1.3795-99, Overnight Range: 1.3792-1.3835,  Previous Close: 1.3817 WTI Oil open at $87.56 and gold open at $1,675.20. US markets are higher today. For today, USD resistance is at 1.3794. Support is at 1.3703.   FOMC minutes were hawkish as expected Traders awaiting key US inflation data US dollar slightly weaker, remains bid The […]

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Canadian Dollar Update, October 6, 2022 – Canadian Dollar Gives Back Gains

USD/CAD Open: 1.3666-70, Overnight Range: 1.3567-1.3670,  Previous Close: 1.3618 WTI Oil open at $87.61 and gold open at $1,714.84. US markets are lower today. For today, USD resistance is at 1.3768. Support is at 1.3670.   Fed officials push back against pivot talk Opec slashes production by 2.0 m/bd US dollar firms ahead of Friday […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 20, 2022 – Canadian Dollar has Bearish Bias

USD/CAD Open: 1.3291-95, Overnight Range: 1.3229-1.3299,  Previous Close: 1.3251 WTI Oil open at $85.65 and gold open at $1,667.80. US markets are lower today. For today, USD resistance is at 1.3387. Support is at 1.3337.   Canada August inflation report on tap Sweden’s Riksbank hikes rates 100 bps US dollar gives back some gains, NZD […]

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Canadian Dollar Update, September 13, 2022 – Canadian Dollar Rally Pauses

USD/CAD Open: 1.2969-73, Overnight Range: 1.2971-1.2993,  Previous Close: 1.2984 WTI Oil open at $88.76 and gold open at $1,726.99. US markets are lower today. For today, USD resistance is at 1.3190. Support is at 1.3146.   FX focus on US CPI data German ZEW Survey, UK Employment data, ignored by FX US dollar drifts lower […]

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Canadian Dollar Update, September 12, 2022 – Canadian Dollar Rally Pauses

USD/CAD Open: 1.2987-91, Overnight Range: 1.2980-1.3052,  Previous Close: 1.3023 WTI Oil open at $87.66 and gold open at $1,725.61. US markets are higher today. For today, USD resistance is at 1.3034. Support is at 1.2928.   Global risk sentiment improves Canadian dollar shrugs off weak employment report US dollar starts week on mixed note, EUR […]

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