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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 5, 2023 – Canadian dollar steady

USD/CAD Open: 1.3506-10, Overnight Range: 1.3472-1.3525,  Previous Close: 1.3478 WTI Oil open at $74.60 and gold open at $1,849.19. US markets are lower today. For today, USD resistance is at 1.3591. Support is at 1.3469.   FOMC minutes underpin US dollar Markets cautious ahead of Friday’s nonfarm payrolls data US dollar opens on mixed note […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 4, 2023 – Canadian dollar rebounds

USD/CAD Open: 1.3546-50, Overnight Range: 1.3545-1.3678,  Previous Close: 1.3669   Risk sentiment improves ahead of FOMC minutes AUDUSD soars on China coal plans US dollar reverses Tuesday’s rally -AUD outperforms The Canadian dollar rallied with a vengeance in Europe and nearly fully-recouped Tuesday’s losses.  The rally had nothing to do with domestic issues or events […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 3, 2023 – Canadian dollar dives to start 2023

USD/CAD Open: 1.3632-36, Dec30-Jan3 Range: 1.3525-1.3651,  Previous Close: 1.3546 WTI Oil open at $78.71 and gold open at $1,833.89. US markets are lower today. For today, USD resistance is at 1.3694. Support is at 1.3627.   US recession predicted in 2023 ECB President Lagarde reiterates hawkish rate outlook US dollar starts 2023 in demand-NZD weakest […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 23, 2022 – Canadian dollar supported ahead of GDP

USD/CAD Open: 1.3598-02, Overnight Range: 1.3596-1.3657,  Previous Close: 1.3647 WTI Oil open at $78.94 and gold open at $1,798.82. US markets are mixed today. For today, USD resistance is at 1.3667. Support is at 1.3517.   Canada’s October GDP forecast at 0.1% m/m US PCE data and Durable Goods Orders in focus US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 22, 2022 – Canadian dollar looking for direction

USD/CAD Open: 1.3616-20, Overnight Range: 1.3573-1.3618,  Previous Close: 1.3613 WTI Oil open at $79.70 and gold open at $1,814.51. US markets are lower today. For today, USD resistance is at 1.3666. Support is at 1.3617.   Positive risk sentiment cannot gain traction WTI oil firms after US inventory data US dollar opens with losses compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 21, 2022 – Canadian dollar awaiting inflation report

USD/CAD Open: 1.3623-28, Overnight Range: 1.3591-1.3624,  Previous Close: 1.3612 WTI Oil open at $76.91 and gold open at $1,812.79. US markets are higher today. For today, USD resistance is at 1.3625. Support is at 1.3584.   Markets mildly risk positive in low volume trading S&P 500 futures attempting to rally US dollar opens lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 20, 2022 – Canadian dollar roiled by CADJPY sales

USD/CAD Open: 1.3616-20, Overnight Range: 1.3607-1.3702,  Previous Close: 1.3651 WTI Oil open at $75.86 and gold open at $1,806.59. US markets are higher today. For today, USD resistance is at 1.3650. Support is at 1.3577.   BoJ surprises markets with YCC tweak Canada Retail Sales expected to have rebounded in October US dollar on defensive […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 19, 2022 – Canadian dollar undermined by negative bias

USD/CAD Open: 1.3646-50, Overnight Range: 1.3632-1.3689,  Previous Close: 1.3697 WTI Oil open at $74.57 and gold open at $1,795.74. US markets are lower today. For today, USD resistance is at 1.3734. Support is at 1.3563. Markets mildly risk positive in low volume trading S&P 500 futures attempting to rally US dollar opens lower compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 15, 2022 – Canadian dollar is rangebound

USD/CAD Open: 1.3566-70, Overnight Range: 1.3543-1.3607,  Previous Close: 1.3547 WTI Oil open at $77.40 and gold open at $1,778.00. US markets are lower today. For today, USD resistance is at 1.3693. Support is at 1.3546.   Delayed reaction to hawkish FOMC outlook Bank of England raises rates by 50 bps, but its not unanimous US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 13, 2022 – Canadian dollar gains ahead of US inflation data

USD/CAD Open: 1.3625-29, Overnight Range: 1.3605-1.3642,  Previous Close: 1.3634 WTI Oil open at $73.99 and gold open at $1,787.54. US markets are mixed today. For today, USD resistance is at 1.3575. Support is at 1.3497.   US CPI expected to cool to 7.3% from 7.7% y/y Positive risk sentiment lifting stocks and sinking US dollar […]

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