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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, January 23, 2023 – Canadian dollar inches higher

USD/CAD Open: 1.3357-62, Overnight Range: 1.3344-1.3384,  Previous Close: 1.3380 WTI Oil open at $82.24 and gold open at $1,926.48. US markets are higher today. For today, USD resistance is at 1.3393. Support is at 1.3361.   Asian markets very quiet due to Lunar New Year holidays Traders are cautious due to dovish Fed concerns and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 20, 2023 – Canadian dollar steady

USD/CAD Open: 1.3463-67, Overnight Range: 1.3444-1.3475,  Previous Close: 1.3468 WTI Oil open at $80.85 and gold open at $1,930.10. US markets are higher today. For today, USD resistance is at 1.3447. Support is at 1.3384.   Canadian retail sales data on tap Chinese Lunar New Year holidays begin Sunday US dollar opens on mixed note, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 19, 2023 – Canadian dollar plummets

USD/CAD Open: 1.3495-99, Overnight Range: 1.3489-1.3519,  Previous Close: 1.3493 WTI Oil open at $78.74 and gold open at $1,909.60. US markets are lower today. For today, USD resistance is at 1.3541. Support is at 1.3424.   US recession fears boost US dollar and sink Loonie. EURUSD anticipating a hawkish ECB outcome US dollar consolidates yesterday’s […]

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Canadian Dollar Update, January 18, 2023 – Canadian dollar rises as greenback sinks

USD/CAD Open: 1.3355-59, Overnight Range: 1.3353-1.3408,  Previous Close: 1.3390 WTI Oil open at $81.66 and gold open at $1,914.43. US markets are lower today. For today, USD resistance is at 1.3515. Support is at 1.3461.   Bank of Japan surprises by leaving policy unchanged US Retail Sales and Producer Prices due US dollar drops across […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 17, 2023 – Canadian dollar awaiting domestic inflation data

USD/CAD Open: 1.3422-26, Overnight Range: 1.3396-1.3435,  Previous Close: 1.3407 WTI Oil open at $79.89 and gold open at $1,906.36. US markets are mixed today. For today, USD resistance is at 1.3417. Support is at 1.3375.   Canadian inflation expected to have fallen in December FX risk sentiment mildly negative US dollar opens lower compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 16, 2023 – Canadian dollar steady and firm

USD/CAD Open: 1.3384-88, Overnight Range: 1.3355-1.3416,  Previous Close: 1.3395 WTI Oil open at $79.45 and gold open at $1,915.81. US markets are higher today. For today, USD resistance is at 1.3433. Support is at 1.3393.   BoC Business Outlook Survey due US closed for Martin Luther King day US dollar under pressure but supported by […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 13, 2023 – Canadian dollar grinding higher

USD/CAD Open: 1.3340-44, Overnight Range: 1.3324-1.3395,  Previous Close: 1.3369 WTI Oil open at $79.19 and gold open at $1,906.12. US markets are higher today. For today, USD resistance is at 1.3434. Support is at 1.3368.   Canadian dollar rising with broad US dollar weakness Risk sentiment improves after US CPI data US dollar consolidates yesterday’s […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 12, 2023 – Canadian dollar awaiting US inflation data

USD/CAD Open: 1.3424-28, Overnight Range: 1.3419-1.3447,  Previous Close: 1.3425 WTI Oil open at $78.24 and gold open at $1,884.49. US markets are mixed today. For today, USD resistance is at 1.3549. Support is at 1.3280.   USDJPY tanks on speculation of BoJ tightening tweaks US CPI expected to fall to 6.5% y/y from 7.1% y/y […]

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Canadian Dollar Update, January 11, 2023 – Canadian dollar trading sideways

USD/CAD Open: 1.3421-25, Overnight Range: 1.3413-1.3440,  Previous Close: 1.3427 WTI Oil open at $75.32 and gold open at $1,885.22. US markets are higher today. For today, USD resistance is at 1.3437. Support is at 1.3413.   Fed Chair Powell avoids talking about monetary policy Markets are directionless ahead of Thursday’s US inflation report US dollar […]

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Canadian Dollar Update, January 10, 2023 – Canadian dollar drifting

USD/CAD Open: 1.3387-91, Overnight Range: 1.3378-1.3408,  Previous Close: 1.3390 WTI Oil open at $75.18 and gold open at $1,875.30. US markets are higher today. For today, USD resistance is at 1.3433. Support is at 1.3418.   Canadian dollar benefiting from improved risk sentiment Traders awaiting Thursday’s US inflation report US dollar opens lower compared to […]

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