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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, February 6, 2023 – Canadian dollar rangebound

USD/CAD Open: 1.3439-44, Overnight Range: 1.3399-1.3444,  Previous Close: 1.3402 WTI Oil open at $73.91 and gold open at $1,872.02. US markets are lower today. For today, USD resistance is at 1.3504. Support is at 1.3410.   Friday’s US data changes the narrative of the Fed outlook. US 10-year Treasury yield soars US dollar hangs on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 3, 2023 – Canadian dollar gives back gains

USD/CAD Open: 1.3344-48, Overnight Range: 1.3314-1.3373,  Previous Close: 1.3316 WTI Oil open at $75.80 and gold open at $1,911.99. US markets are lower today. For today, USD resistance is at 1.3421. Support is at 1.3364.   Nonfarm payrolls expected to rise 185,000 ECB press conference sparks “is it hawkish or dovish” debate US dollar rebounds […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 2, 2023 – Canadian dollar feeling perky

USD/CAD Open: 1.3294-98, Overnight Range: 1.3264-1.3296,  Previous Close: 1.3291 WTI Oil open at $76.45 and gold open at $1,952.70. US markets are mixed today. For today, USD resistance is at 1.3392. Support is at 1.3253.   BoE hikes 50 bps-ECB to follow Fed’s Powell sparks risk rally US dollar falls across the board, post FOMC […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 1, 2023 – Canadian dollar retesting resistance

USD/CAD Open: 1.3309-13, Overnight Range: 1.3291-1.3323,  Previous Close: 1.3307 WTI Oil open at $78.90 and gold open at $1,926.43. US markets are lower today. For today, USD resistance is at 1.3336. Support is at 1.3266.   Eurozone core inflation remains unchanged Fed expected to hike rates by 25 bps today US dollar opens on the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 31, 2023 – Canadian dollar gives back gains

USD/CAD Open: 1.3466-70, Overnight Range: 1.3380-1.3468,  Previous Close: 1.3387 WTI Oil open at $76.75 and gold open at $1,905.13. US markets are higher today. For today, USD resistance is at 1.3452. Support is at 1.3363.   Canada November GDP expected to be flat IMF forecast downgrades growth forecast for 2023 US dollar gains overnight but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 30, 2023 – Canadian dollar firming

USD/CAD Open: 1.3316-20, Overnight Range: 1.3302-1.3352,  Previous Close: 1.3222 WTI Oil open at $79.76 and gold open at $1,930.51. US markets are lower today. For today, USD resistance is at 1.3403. Support is at 1.3370.   Cautious start to busy week FOMC meeting headlines risk events US dollar opens narrowly mixed after subdued overnight session […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 27, 2023 – Canadian dollar inching higher

USD/CAD Open: 1.3316-20, Overnight Range: 1.3314-1.3345,  Previous Close: 1.3322 WTI Oil open at $82.08 and gold open at $1,928.45. US markets are higher today. For today, USD resistance is at 1.3357. Support is at 1.3273.   USDCAD set to end week with a 0.38% gain since Monday US PCE and Michigan Consumer Sentiment data due […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 26, 2023 – Canadian dollar digesting Bank of Canada decision

USD/CAD Open: 1.3383-87, Overnight Range: 1.3372-1.3406,  Previous Close: 1.3372 WTI Oil open at $80.71 and gold open at $1,936.62. US markets are higher today. For today, USD resistance is at 1.3426. Support is at 1.3264.   Bank of Canada hikes rates and calls a time out Lots of US data released today US dollar on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 25, 2023 – Canadian dollar counting down to BoC meeting

USD/CAD Open: 1.3378-82, Overnight Range: 1.3346-1.3383,  Previous Close: 1.3368 WTI Oil open at $80.00 and gold open at $1,925.56. US markets are lower today. For today, USD resistance is at 1.3419. Support is at 1.3317.   Bank of Canada expected to hike rates 25 bps today Wall Street in drivers’ seat for FX US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 24, 2023 – Canadian dollar dead in the water

USD/CAD Open: 1.3365-69, Overnight Range: 1.3349-1.3383,  Previous Close: 1.3368 WTI Oil open at $81.61 and gold open at $1,937.97. US markets are mixed today. For today, USD resistance is at 1.3377. Support is at 1.3352.   Risk sentiment is modestly positive ahead of US quarterly earnings reports Euro area PMI data slight better than forecast […]

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