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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 – Canadian dollar attempting to break higher.

USD/CAD Open: 1.3684-88, Overnight Range: 1.3634-1.3694,  Previous Close: 1.3660 WTI Oil open at $73.40 and gold open at $1,953.78. US markets are lower today. For today, USD resistance is at 1.3608. Support is at 1.3581.   CAD gains as WTI oil prices rebound. Fears of US banking crisis fade. US dollar trading defensively-opens on mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 27, 2023 – Canadian dollar bounces back.

USD/CAD Open: 1.3729-33, Overnight Range: 1.3704-43,  Previous Close: 1.3744 WTI Oil open at $67.53 and gold open at $1,995.45. US markets are mixed today. For today, USD resistance is at 1.3672. Support is at 1.3650.   Global risk sentiment improves, stocks rally. German Ifo Index helps underpin EURUSD. US dollar retreats modestly, except against antipodean […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 23, 2023 – Canadian dollar inching higher, but still rangebound.

USD/CAD Open: 1.3673-78, Overnight Range: 1.3676-1.3733,  Previous Close: 1.3731 WTI Oil open at $70.13 and gold open at $1,978.35. US markets are higher today. For today, USD resistance is at 1.3732. Support is at 1.3699.   Swiss National Bank hikes rates 50 bps says banking crisis over. Bank of England expected to raise rates by […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 22, 2023 – Canadian dollar counting down until FOMC meeting.

USD/CAD Open: 1.3700-04, Overnight Range: 1.3697-1.3717,  Previous Close: 1.3713 WTI Oil open at $69.13 and gold open at $1,944.69. US markets are lower today. For today, USD resistance is at 1.3741. Support is at 1.3717.   FOMC meeting could lead to market volatility. UK inflation surged in February. US dollar trading defensively, CAD underperforms. The […]

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United State dollar (USD) - Knightsbridge FX

Canadian Dollar Update, March 21, 2023 – Canadian dollar attempting to rally.

USD/CAD Open: 1.3666-70, Overnight Range: 1.3659-1.3697,  Previous Close: 1.3664 WTI Oil open at $68.47 and gold open at $1,969.11. US markets are higher today. For today, USD resistance is at 1.3771. Support is at 1.3687.   Risk sentiment improves as financial crisis fears fade. Canada inflation expected to rise in 0.6% m/m February. US dollar […]

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Canadian Dollar Update, March 20, 2023 – Canadian dollar gains hampered by falling oil prices.

USD/CAD Open: 1.3718-22, Overnight Range: 1.3688-1.3745,  Previous Close: 1.3735 WTI Oil open at $64.69 and gold open at $1,983.90. US markets are higher today. For today, USD resistance is at 1.3676. Support is at 1.3644.   G-7 central bankers act to boost global liquidity. Safe-have demand crushes 10-year Treasury yield. US dollar rises against commodity […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 17, 2023 – Canadian dollar struggling to find direction.

USD/CAD Open: 1.3696-00, Overnight Range: 1.3680-1.3735,  Previous Close: 1.3721 WTI Oil open at $69.47 and gold open at $1,932.32. US markets are lower today. For today, USD resistance is at 1.3797. Support is at 1.3713.   Positive risk sentiment starting to fade. Oil prices under pressure. US dollar opens on mixed note, JPY and CHF […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 16, 2023 – Canadian dollar undermined by falling oil.

USD/CAD Open: 1.3748-52, Overnight Range: 1.3724-1.3769,  Previous Close: 1.3768 WTI Oil open at $68.33 and gold open at $1,921.88. US markets are higher today. For today, USD resistance is at 1.3752. Support is at 1.3704.   SNB support for Credit Suisse eases some nerves. ECB ‘s promised 50 bp hike in question. US Dollar recedes […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 15, 2023 – Canadian dollar drops on renewed risk aversion.

USD/CAD Open: 1.3713-17, Overnight Range: 1.3662-1.3761,  Previous Close: 1.3686 For today, USD resistance is at 1.3828. Support is at 1.3724.   Risk sentiment sours after Credit Suisse Bank stock drops 20% today. US Retail Sales and PPI data ahead US Dollar opens higher and extends gains in early trading.   The Canadian dollar traded quietly […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 14, 2023 – Canadian dollar firm ahead of US CPI

USD/CAD Open: 1.3734-38, Overnight Range: 1.3689-1.3748,  Previous Close: 1.3731 WTI Oil open at $73.18 and gold open at $1,901.24. US markets are higher today. For today, USD resistance is at 1.3714. Support is at 1.3646.   Traders are pricing in a lower Fed terminal rate. US CPI headline expected to drop to 6.0% from 6.4% […]

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