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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, December 12, 2022 – Canadian dollar underperforms

USD/CAD Open: 1.3659-63, Overnight Range: 1.3634-1.3673,  Previous Close: 1.3646 WTI Oil open at $70.42 and gold open at $1,792.26. US markets are higher today. For today, USD resistance is at 1.3686. Support is at 1.3623.   Sinking WTI oil prices weigh on Loonie Global markets cautious ahead of US inflation report Tuesday US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 9, 2022 – Canadian dollar is rangebound again

USD/CAD Open: 1.3621-25, Overnight Range: 1.3571-1.3640,  Previous Close: 1.3593 WTI Oil open at $72.14 and gold open at $1,794.96. US markets are mixed today. For today, USD resistance is at 1.3653. Support is at 1.3597.   BoC Deputy Governor says future rate decisions will be data-dependent Risk sentiment is upbeat, and stocks post gains US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 8, 2022 – Canadian dollar drops after BoC hikes

USD/CAD Open: 1.3651-55, Overnight Range: 1.3649-1.3687,  Previous Close: 1.3653 WTI Oil open at $72.53 and gold open at $1,783.92. US markets are higher today. For today, USD resistance is at 1.3632. Support is at 1.3537.   Bank of Canada hikes 50 bps, hints it’s the last Traders unnerved after Putin talks nukes again US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 7, 2022 – Canadian dollar slides with oil

USD/CAD Open: 1.3684-88, Overnight Range: 1.3634-1.3698,  Previous Close: 1.3651 WTI Oil open at $73.61 and gold open at $1,772.42. US markets are mixed today. For today, USD resistance is at 1.3664. Support is at 1.3611. Bank of Canada meeting ahead China steps up pace of Covid-zero retreat US dollar bid but off its best levels […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 6, 2022 – Canadian dollar gets spanked

USD/CAD Open: 1.3627-31, Overnight Range: 1.3573-1.3630,  Previous Close: 1.3588 WTI Oil open at $76.25 and gold open at $1,774.74. US markets are lower today. For today, USD resistance is at 1.3705. Support is at 1.3587.   Traders reassess dovish Fed outlook Reserve Bank of Australia raises interest rates by 25 bps Canadian dollar is the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 5, 2022 – Canadian dollar attempting to rally

USD/CAD Open: 1.3433-37, Overnight Range: 1.3387-1.3472,  Previous Close: 1.3472 WTI Oil open at $81.70 and gold open at $1,795.32. US markets are lower today. For today, USD resistance is at 1.3601. Support is at 1.3578.   Risk sentiment positive in Asia, less so in Europe Russia unhappy with G-7 oil price cap US dollar consolidating […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 2, 2022 – Canadian dollar gains lag those of G-10 majors

USD/CAD Open: 1.3436-40, Overnight Range: 1.3423-1.3451,  Previous Close: 1.3432 WTI Oil open at $81.13 and gold open at $1,800.28. US markets are mixed today. For today, USD resistance is at 1.3517. Support is at 1.3415.   Markets cautious ahead of Canadian and US jobs reports WTI underpinned by talk of a Russia seaborne oil price […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 1, 2022 – Canadian dollar rallies after Powell speech

USD/CAD Open: 1.3427-31, Overnight Range: 1.3397-1.3435,  Previous Close: 1.3418 WTI Oil open at $81.00 and gold open at $1,776.69. US markets are lower today. For today, USD resistance is at 1.3465. Support is at 1.3385.   Powell suggests rate hike pace will slow in December Positive risk sentiment lifts equities, commodities, and sinks Treasury yields […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 30, 2022 – Canadian dollar attempting to recover

USD/CAD Open: 1.3544-48, Overnight Range: 1.3514-1.3592,  Previous Close: 1.3579 WTI Oil open at $80.05 and gold open at $1,758.62. US markets are mixed today. For today, USD resistance is at 1.3606. Support is at 1.3476.   Loonie attempting to recoup Tuesday’s losses Fed chair Powell speaks after lunch US dollar opens lower, AUD outperforms The […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, November 29, 2022 – Canadian dollar gains lag antipodean

USD/CAD Open: 1.3452-56, Overnight Range: 1.3411-1.3511,  Previous Close: 1.3496 WTI Oil open at $79.26 and gold open at $1,755.57. US markets are lower today. For today, USD resistance is at 1.3609. Support is at 1.3556.   China Times tweets about easing of Covid restrictions Canada September GDP expected to be unchanged US dollar retraces most […]

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