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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, June 1, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.2639-43,  Overnight Range: 1.2638-1.2671,  Previous Close: 1.2638 WTI Oil open at $116.70 and gold open at $1,831.48. US markets are lower today. For today, USD resistance is at 1.2675. Support is at 1.2638.   BoC rate hike of 0.50% priced in Eurozone data is mixed, PMI higher, US dollar posts modest gains at […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 30, 2022 – Canadian Dollar Grinding Higher

USD/CAD Open: 1.2680-84,  Overnight Range: 1.2684-1.2728,  Previous Close: 1.2721 WTI Oil open at $115.61 and gold open at $1,858.45. US markets are higher today. For today, USD resistance is at 1.2674. Support is at 1.2641.   WTI oil gains as demand expected to outstrip supply Talk of September US rate hike pause undermines greenback US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 26, 2022 – Canadian Dollar Idling

USD/CAD Open: 1.2816-20,  Overnight Range: 1.2804-1.2847,  Previous Close: 1.2818 WTI Oil open at $111.31 and gold open at $1,845.92. US markets are higher today. For today, USD resistance is at 1.2827. Support is at 1.2754.   Canada March Retail Sales expected to rebound European equities and Wall Street futures firm post-FOMC minutes US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 20, 2022 – Canadian Dollar Grinding Out Gains

USD/CAD Open: 1.2779-83,  Overnight Range: 1.2780-1.2833,  Previous Close: 1.2823 WTI Oil open at $112.00 and gold open at $1,846.73. US markets are mixed today. For today, USD resistance is at 1.2879. Support is at 1.2795.   Canada closed Monday China stimulus improves risk sentiment US dollar retreating The Canadian dollar is trading at the top […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 19, 2022 – Canadian Dollar Choppy but Rangebound

USD/CAD Open: 1.2829-33,  Overnight Range: 1.2802-1.2892,  Previous Close: 1.2893 WTI Oil open at $106.72 and gold open at $1,830.34. US markets are lower today. For today, USD resistance is at 1.2845. Support is at 1.2800.   Risk aversion rampant across asset classes Global equities drowning in sea of red US dollar and safe-havens open higher […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 18, 2022 – Canadian Dollar at a crossroads

USD/CAD Open: 1.2823-27,  Overnight Range: 1.2797-1.2850,  Previous Close: 1.2810 WTI Oil open at $113.90 and gold open at $1,819.57. US markets are lower today. For today, USD resistance is at 1.2869. Support is at 1.2768.   Fed Powell suggest two more 50 bp rate hikes in June and July Canada’s April inflation expected to be […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 16, 2022 – Canadian Dollar breaks higher

USD/CAD Open: 1.2938-42,  Overnight Range: 1.2897-1.2980,  Previous Close: 1.2908 WTI Oil open at $109.86 and gold open at $1,800.52. US markets are mixed today. For today, USD resistance is at 1.2900. Support is at 1.2830.   Global equities modestly higher following Fed Powell comments Hostile Russian rhetoric leaves EURUSD on the defensive US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 13, 2022 – Canadian Dollar Looking for “Lucky 13”

USD/CAD Open: 1.3015-19,  Overnight Range: 1.2994-1.3047,  Previous Close: 1.3045 WTI Oil open at $107.73 and gold open at $1,822.72. US markets are higher today. For today, USD resistance is at 1.2985. Support is at 1.2903.   Global equities modestly higher following Fed Powell comments Hostile Russian rhetoric leaves EURUSD on the defensive US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 5, 2022 – Canadian Dollar Gets a Fed-Boost

USD/CAD Open: 1.2742-46,  Overnight Range: 1.2715-1.2763,  Previous Close: 1.2737 WTI Oil open at $107.93 and gold open at $1,897.70. US markets are lower today. For today, USD resistance is at 1.2833. Support is at 1.2719.   FOMC meeting less hawkish than expected BoE hikes rates and GBPUSD sinks US dollar sinks following FOMC meeting The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 18, 2022 – Canadian Dollar Sinks on US rate Outlook

USD/CAD Open: 1.2635-39,  Overnight Range: 1.2591-1.2642,  Previous Close: 1.2603 WTI Oil is at $109.47 and gold is at $1,983.00. US markets are higher today. For today, USD resistance is at 1.2630. Support is at 1.2588.   Most markets closed for Easter Monday US Treasury Yields extend gains CAD outperforms vs commodity bloc, US dollar bid […]

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