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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, September 7, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.3158-62, Overnight Range: 1.3152-1.3204,  Previous Close: 1.3151 WTI Oil open at $87.25 and gold open at $1,706.68. US markets are mixed today. For today, USD resistance is at 1.3242. Support is at 1.3127.   BoC expected to raise interest rates either 50 or 100 bps Elevated US Treasury yields weigh on risk sentiment […]

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Canadian Dollar Update, August 26, 2022 – Canadian Dollar Waiting for Powell

USD/CAD Open: 1.2931-35, Overnight Range: 1.2925-1.2957,  Previous Close: 1.2924 WTI Oil open at $93.62 and gold open at $1,749.93. US markets are lower today. For today, USD resistance is at 1.3056. Support is at 1.3017.   Fed Chair Powell’s Jackson Hole speech highly anticipated Modest positive risk tone lingering in markets US dollar gives back […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 23, 2022 – Canadian Dollar Struggles

USD/CAD Open: 1.3019-23, Overnight Range: 1.3008-1.3061,  Previous Close: 1.3053 WTI Oil open at $91.94 and gold open at $1,739.33. US markets are mixed today. For today, USD resistance is at 1.2980. Support is at 1.2948.   Fed Chair Powell speech Friday China cuts rates, underpins antipodean currencies US dollar stays bid to start the week […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 22, 2022 – Canadian Dollar Playing Defence

USD/CAD Open: 1.2981-85, Overnight Range: 1.2973-1.3017,  Previous Close: 1.2993 WTI Oil open at $90.18 and gold open at $1,737.56. US markets are lower today. For today, USD resistance is at 1.3071. Support is at 1.3039.   Fed Chair Powell speech Friday China cuts rates, underpins antipodean currencies US dollar stays bid to start the week […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 16, 2022 – Canadian Dollar Awaiting Inflation Data

USD/CAD Open: 1.2904-08, Overnight Range: 1.2891-1.2927,  Previous Close: 1.2902 WTI Oil open at $88.98 and gold open at $1,775.77. US markets are mixed today. For today, USD resistance is at 1.2863. Support is at 1.2832.   Canada inflation expected to cool to 7.6% from 8.1% Weak Eurozone and German ZEW data weighs on EURUSD US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 12, 2022 – Canadian Dollar Ending the Week Higher

USD/CAD Open: 1.2756-60, Overnight Range: 1.2742-1.2785,  Previous Close: 1.2762 WTI Oil open at $94.59 and gold open at $1,787.65. US markets are higher today. For today, USD resistance is at 1.2833. Support is at 1.2758.   Weak GDP data slams GBPUSD Traders embrace talk of “US soft-landing” US dollar opens mixed-Commodity bloc gains The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 9, 2022 – Canadian Dollar Rebounds

USD/CAD Open: 1.2843-47, Overnight Range: 1.2846-1.2872,  Previous Close: 1.2856 WTI Oil open at $90.26 and gold open at $1,791.05. US markets are lower today. For today, USD resistance is at 1.2909. Support is at 1.2876.   Trading subdued ahead of US CPI Wednesday Commodities, including oil prices, climb US dollar opens modestly lower The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 8, 2022 – Canadian Dollar Under Pressure

USD/CAD Open: 1.2903-07, Overnight Range: 1.2891-1.2948,  Previous Close: 1.2937 WTI Oil open at $88.15 and gold open at $1,777.58. US markets are mixed today. For today, USD resistance is at 1.2872. Support is at 1.2837   Loonie sinking under weight of weak Canadian jobs and falling oil prices China’s Exports rise, boosting trade surplus US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 2, 2022 – Canadian Dollar Retreats

USD/CAD Open: 1.2864-68,  Monday & Overnight Range: 1.2769-1.2876,  Friday Close: 1.2795 WTI Oil open at $93.17 and gold open at $1,774.79. US markets are lower today. For today, USD resistance is at 1.2897. Support is at 1.2862.   China/US tensions elevated Global stocks slide, Treasury yields plunge US dollar opens on mixed note The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, July 28, 2022 – Canadian Dollar Wants to Rally

USD/CAD Open: 1.2810-14,  Overnight Range: 1.2797-1.2835,  Previous Close: 1.2824 WTI Oil open at $99.13 and gold open at $1,741.39. US markets are mixed today. For today, USD resistance is at 1.2906. Support is at 1.2781.   Fed hikes 75 bps and US stocks rally US Q2 GDP (preliminary) expected to rise 0.4% y/y US dollar […]

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