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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, April 12, 2022 – Canadian Dollar Clawing Back Overnight Losses

USD/CAD Open: 1.2657-61,  Overnight Range: 1.2632-1.2660,  Previous Close: 1.2634 WTI Oil is at $100.51 and gold is at $1,970.20. US markets are lower today. For today, USD resistance is at 1.2639. Support is at 1.2596.   Stocks tumble after White House inflation warning German CPI and ZEW Survey put pressure on ECB US dollar grinds […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 11, 2022 – Canadian Dollar Drifting

USD/CAD Open: 1.2574-78,  Overnight Range: 1.2568-1.2616,  Previous Close: 1.2568 WTI Oil is at $95.17 and gold is at $1,956.30. US markets are lower today. For today, USD resistance is at 1.2643. Support is at 1.2625.   Risk sentiment sours on bond sell-off EURUSD climbs on relief rally US dollar opens modestly lower compared to Friday […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 6, 2022 – Canadian Dollar Inches Lower

USD/CAD Open: 1.2489-93,  Overnight Range: 1.2485-1.2508,  Previous Close: 1.2487 WTI Oil is at $97.05 and gold is at $1,929.10. US markets are lower today. For today, USD resistance is at 1.2562. Support is at 1.2496.   Treasury yields soar after Fed Vice Chair comments Balance sheet reduction discussion key item in FOMC minutes US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 4, 2022 – Canadian Dollar Awaiting BOS Survey

USD/CAD Open: 1.2500-04,  Overnight Range: 1.2487-1.2587,  Previous Close: 1.2512 WTI Oil is at $102.16 and gold is at $1,935.70. US markets are higher today. For today, USD resistance is at 1.2527. Support is at 1.2450.   Equities ignoring Fed-speak warning of 0.50% rate hikes RBA meeting expected to end with hawkish statement US dollar squeezes […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 29, 2022 – Canadian Dollar Gets a Boost

USD/CAD Open: 1.2487-91,  Overnight Range: 1.2484-1.2528,  Previous Close: 1.2519 WTI Oil is at $105.99 and gold is at $1,918.60. US markets are higher today. For today, USD resistance is at 1.2518. Support is at 1.2489.   Russia/Ukraine cease-fire talks bolster risk sentiment Oil prices underpinned ahead of Thursday’s Opec meeting US dollar giving back gains, […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 28, 2022 – Canadian Dollar Supported by BoC Comments

USD/CAD Open: 1.2481-85,  Overnight Range: 1.2479-1.2502,  Previous Close: 1.2477 WTI Oil is at $103.42 and gold is at $1,921.90. US markets are higher today. For today, USD resistance is at 1.2543. Support is at 1.2498.   BoC warns of more aggressive policy response Risk sentiment cautious on possible Putin/Zelensky meeting CAD, AUD outperform as US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 25, 2022 – Canadian Dollar Gains on Positive Risk Sentiment

USD/CAD Open: 1.2540-44,  Overnight Range: 1.2519-1.2552,  Previous Close: 1.2527 WTI Oil is at $113.62 and gold is at $1,957.40. US markets are mixed today. For today, USD resistance is at 1.2536. Support is at 1.2486.   Commodity bloc currencies are in demand Improved risk sentiment bolsters equities US dollar opens with losses against G-10 majors, […]

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Canadian Dollar Update, March 24, 2022 – Canadian Dollar Riding Oil Bull

USD/CAD Open: 1.2575-79,  Overnight Range: 1.2556-1.2584,  Previous Close: 1.2561 WTI Oil is at $112.35 and gold is at $1,959.70. US markets are higher today. For today, USD resistance is at 1.2550. Support is at 1.2516.   Oil prices steady with a bullish bias Risk sentiment is cautiously positive US dollar opens narrowly mixed compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 16, 2022 – Canadian Dollar Attempting to Break Higher

USD/CAD Open: 1.2720-24,  Overnight Range: 1.2703-1.2774,  Previous Close: 1.2765 WTI Oil is at $95.05 and gold is at $1,928.70. US markets are higher today. For today, USD resistance is at 1.2771. Support is at 1.2625.   China stimulus talk sparks global equity rally Canada CPI and Fed meeting ahead Commodity currency bloc surges on improved […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 14, 2022 – Canadian Dollar Not Seeing the Love

USD/CAD Open: 1.2750-54,  Overnight Range: 1.2732-1.2788,  Previous Close: 1.2747 WTI Oil is at $102.58 and gold is at $1,956.50. US markets are lower today. For today, USD resistance is at 1.2862. Support is at 1.2748.   Risk sentiment improves with talk of peace talk progress New, massive COVID outbreak in China US dollar opens lower […]

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