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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, March 10, 2022 – Canadian Dollar Looking for Direction

USD/CAD Open: 1.2821-25,  Overnight Range: 1.2793-1.2840,  Previous Close: 1.2806 WTI Oil is at $106.87 and gold is at $2,002.80. US markets are lower today. For today, USD resistance is at 1.2791. Support is at 1.2731.   Today’s ECB meeting includes updated forecasts EURUSD rallies on profit-taking and short-squeeze CAD dollar underperforms vs commodity currency bloc […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 8, 2022 – Canadian Dollar Continues to Slide

USD/CAD Open: 1.2833-37,  Overnight Range: 1.2798-1.2838,  Previous Close: 1.2820 WTI Oil is at $123.82 and gold is at $2,043.90. US markets are higher today. For today, USD resistance is at 1.2913. Support is at 1.2866.   Loonie ignoring high oil prices EU planning new stimulus US dollar opens with gains except against EUR The Canadian […]

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Canadian Dollar Update, March 7, 2022 – Canadian Dollar Ignores Soaring Oil Prices

USD/CAD Open: 1.2722-26,  Overnight Range: 1.2688-1.2755,  Previous Close: 1.2729 WTI Oil is at $117.57 and gold is at $1,987.00. US markets are lower today. For today, USD resistance is at 1.2801. Support is at 1.2742.   WTI oil hits $130.00/barrel Inflammatory Russia/Ukraine headlines fuel risk aversion US dollar opens mixed, EUR plummets The Canadian dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 2, 2022 – Canadian Dollar Benefits as WTI hits 111.00/barrel

USD/CAD Open: 1.2711-15,  Overnight Range: 1.2691-1.2743,  Previous Close: 1.2743 WTI Oil is at $112.22 and gold is at $1,930.70. US markets are higher today. For today, USD resistance is at 1.2680. Support is at 1.2617.   Oil surges on supply disruption fears Bank of Canada to announce 0.25% rate hike today US dollar opens mixed, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 1, 2022 – Canadian Dollar Grinding out Gains

USD/CAD Open: 1.2667-71,  Overnight Range: 1.2655-1.2683,  Previous Close: 1.2669 WTI Oil is at $98.52 and gold is at $1,925.72. US markets are lower today. For today, USD resistance is at 1.2750. Support is at 1.2650.   WTI oil trades at $101.00/b Canada GDP is forecast at 6.2% y/y, 0.1% m/m US dollar opens lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 25, 2022 – Canadian Dollar Tracking Global Risk Sentiment

USD/CAD Open: 1.2806-10,  Overnight Range: 1.2773-1.2819,  Previous Close: 1.2820 WTI Oil is at $91.29 and gold is at $1,885.50. US markets are higher today. For today, USD resistance is at 1.2837. Support is at 1.2660.   Global equity indexes recoup some losses Gold drops 3.5% as risk sentiment improves US dollar softer as it consolidates […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 16, 2022 – Canadian Dollar Inches Higher

USD/CAD Open: 1.2681-84,  Overnight Range: 1.2681-1.2724,  Previous Close: 1.2718 WTI Oil is at $93.67 and gold is at $1,869.90. US markets are lower today. For today, USD resistance is at 1.2706. Support is at 1.2672.   Risk aversion improves but geopolitical tensions still simmer Top tier US data and FOMC minutes ahead US dollar retreats […]

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Canadian Dollar Update, February 11, 2022 – Canadian Dollar Swamped by US Interest Rate Outlook

USD/CAD Open: 1.2726-30,  Overnight Range: 1.2698-1.2752,  Previous Close: 1.2721 WTI Oil is at $91.54 and gold is at $1,836.00. US markets are mixed today. For today, USD resistance is at 1.2722. Support is at 1.2652.   Soaring US CPI fuels aggressive rate hike outlook GBPUSD recovering losses following robust data US dollar opens firmed but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 7, 2022 – Canadian Dollar Struggling for Direction

USD/CAD Open: 1.2733-37,  Overnight Range: 1.2711-1.2755,  Previous Close: 1.2765 WTI Oil is at $91.31 and gold is at $1,819.40. US markets are lower today. For today, USD resistance is at 1.2720. Support is at 1.2650.   WTI oil jumps 5.8% since yesterday EURUSD soars on ECB hawkish flip US dollar opens mixed; EUR outperforms The […]

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