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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 13, 2023 – Canadian dollar bounces back.

USD/CAD Open: 1.3765-69, Overnight Range: 1.3714-1.3824,  Previous Close: 1.3824 WTI Oil open at $75.34 and gold open at $1,887.96. US markets are higher today. For today, USD resistance is at 1.3749. Support is at 1.3697.   The US 10-year Treasury yield plunges to 3.55% Japanese yen soars on safe-haven demand. US dollar trading defensively, down […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 10, 2023 – Canadian dollar adds to losses.

USD/CAD Open: 1.3836-40, Overnight Range: 1.3821-1.3860,  Previous Close: 1.3827 WTI Oil open at $75.10 and gold open at $1,832.98. US markets are lower today. For today, USD resistance is at 1.3850. Support is at 1.3812.   Risk aversion soars onus bank stock turmoil. US and Canadian employment data on tap today. US dollar opens mixed […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 9, 2023 – Canadian dollar sinks on dovish Bank of Canada outlook.

USD/CAD Open: 1.3790-94, Overnight Range: 1.3792-1.3816,  Previous Close: 1.3803 WTI Oil open at $76.60 and gold open at $1,818.14. US markets are lower today. For today, USD resistance is at 1.3846. Support is at 1.3814.   BoC leaves rates unchanged and Canadian dollar plunges. Fed Chair Powell warns of higher rates for longer. US dollar […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 8, 2023 – Canadian dollar falls through the floor.

USD/CAD Open: 1.3753-58, Overnight Range: 1.3748-1.3772,  Previous Close: 1.3754 WTI Oil open at $77.38 and gold open at $1,814.08. US markets are lower today. For today, USD resistance is at 1.3818. Support is at 1.3770.   Hawkish Powell sinks Canadian dollar. Bank of Canada ahead-no change in rates expected. US dollar consolidates Tuesdays gains overnight. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 6, 2023 – Canadian dollar pressured by dovish BoC

USD/CAD Open: 1.3604, Overnight Range: 1.3584-1.3627,  Previous Close: 1.3600 WTI Oil open at $78.37 and gold open at $1,850.23. US markets are higher today. For today, USD resistance is at 1.3636. Support is at 1.3596. Euro area Retail Sales and Investor Confidence survey weaker than expected. RBA expected to hike 25 bps tomorrow. US dollar […]

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United State dollar (USD) - Knightsbridge FX

Canadian Dollar Update, March 3, 2023 – Canadian dollar trading sideways

USD/CAD Open: 1.3560-64, Overnight Range: 1.3557-1.3599,  Previous Close: 1.3596 WTI Oil open at $78.07 and gold open at $1,847.30. US markets are higher today. For today, USD resistance is at 1.3626. Support is at 1.3585.   S&P 500 rebound sooths sour risk sentiment. Eurozone Services PMI data weaker than expected. US dollar opens with losses […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 2, 2023 – Canadian dollar choppy and directionless

USD/CAD Open: 1.3616-20, Overnight Range: 1.3585-1.3632,  Previous Close: 1.3591 WTI Oil open at $78.27 and gold open at $1,831.86. US markets are mixed today. For today, USD resistance is at 1.3651. Support is at 1.3580.   Inflation remains stubbornly elevated in Eurozone. US 10-year Treasury yield breaks above 4.0% US dollar in demand, GBP underperforms. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 1, 2023 – Canadian dollar sentiment flips to bullish

USD/CAD Open: 1.3597-01, Overnight Range: 1.3587-1.3657,  Previous Close: 1.3646 WTI Oil open at $76.16 and gold open at $1,834.79. US markets are mixed today. For today, USD resistance is at 1.3654. Support is at 1.3552.   Canada Q4 GDP weaker than expected. Chinese PMI data surges, boosting global risk sentiment. US dollar gives up ground […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 28, 2023 – Canadian dollar awaiting Q4 GDP data

USD/CAD Open: 1.3565-69, Overnight Range: 1.3563-1.3604,  Previous Close: 1.3575 WTI Oil open at $76.89 and gold open at $1,808.70. US markets are mixed today. For today, USD resistance is at 1.3629. Support is at 1.3603.   Canada Q4 GDP forecast 1.5% (Previous 2.9%) GBPUSD outperforms on EU/UK Northern Ireland deal US dollar opens mixed ahead […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 27, 2023 – Canadian dollar bounces off resistance-again

USD/CAD Open: 1.3593-97, Overnight Range: 1.3589-1.3623,  Previous Close: 1.3607 WTI Oil open at $76.31 and gold open at $1,810.54. US markets are higher today. For today, USD resistance is at 1.3595. Support is at 1.3549.   FX churns due to month-end flows and geopolitics Canada Q4 GDP due Tuesday US dollar opens with modest losses […]

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