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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, November 28, 2022 – Canadian dollar roiled by risk aversion

USD/CAD Open: 1.3434-38, Overnight Range: 1.3397-1.3472,  Previous Close: 1.3381 WTI Oil open at $73.78 and gold open at $1,760.55. US markets are lower today. For today, USD resistance is at 1.3480. Support is at 1.3405.   Covid protests raise risk aversion fears New Chinese Covid cases soar over 40,000 US dollar rallies and CAD is […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 25, 2022 – Canadian dollar drifting

USD/CAD Open: 1.3341-45, Overnight Range: 1.3320-1.3369,  Previous Close: 1.3338 WTI Oil open at $79.63 and gold open at $1,752.26. US markets are mixed today. For today, USD resistance is at 1.3401. Support is at 1.3360.   China cuts reserve requirement ratio (RRR) by 25 bps starting Dec. 5 US bond and stock markets closing early […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 24, 2022 – Canadian dollar gains lag G-10 currencies

USD/CAD Open: 1.3341-45, Overnight Range: 1.3330-1.3360,  Previous Close: 1.3354 WTI Oil open at $77.49 and gold open at $1,756.42. US markets are higher today. For today, USD resistance is at 1.3346. Support is at 1.3329.   FOMC minutes deemed dovish and US dollar drops US markets closed today for Thanksgiving US dollar opens lower, CAD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 21, 2022 – Canadian dollar consolidates losses

USD/CAD Open: 1.3425-29, Overnight Range: 1.3377-1.3440,  Previous Close: 1.3385 WTI Oil open at $79.49 and gold open at $1,741.68. US markets are lower today. For today, USD resistance is at 1.3467. Support is at 1.3437.   Rising covid cases in China boosts US dollar Equity markets trading mixed in low volumes US dollar opens on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 18, 2022 – Canadian dollar underperforming

USD/CAD Open: 1.3329-33, Overnight Range: 1.3302-1.3351,  Previous Close: 1.3327 WTI Oil open at $81.47 and gold open at $1,765.04. US markets are mixed today. For today, USD resistance is at 1.3411. Support is at 1.3361.   Markets choppy due to contradictory Fed comments WTI oil under pressure from recession fears US retreats, CAD underperforms The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 17, 2022 – Canadian dollar takes a beating

USD/CAD Open: 1.3367-71, Overnight Range: 1.3307-1.3376,  Previous Close: 1.3328 WTI Oil open at $84.57 and gold open at $1,762.63. US markets are mixed today. For today, USD resistance is at 1.3354. Support is at 1.3306.   Risk sentiment sours on US recession talk UK Chancellor delivers “austerity budget” US dollar rallies across the board The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 16, 2022 – Canadian dollar awaiting CPI

USD/CAD Open: 1.3248-52, Overnight Range: 1.3234-1.3305,  Previous Close: 1.3280 WTI Oil open at $87.07 and gold open at $1,782.12. US markets are mixed today. For today, USD resistance is at 1.3356. Support is at 1.3304.   Canada inflation expected at 6.9% y/y in October, unchanged from September The Donald Trump circus returns to US presidential […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, November 15, 2022 – Canadian dollar looking for direction

USD/CAD Open: 1.3271-75, Overnight Range: 1.3252-1.3324,  Previous Close: 1.3316 WTI Oil open at $85.06 and gold open at $1,776.78. US markets are higher today. For today, USD resistance is at 1.3389. Support is at 1.3225.   Comments from Fed Vice Chair stoke risk sentiment European and German ZEW Survey data boost EURUSD US dollar grinds […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 14, 2022 – Canadian dollar consolidating gains

USD/CAD Open: 1.3292-96, Overnight Range: 1.3241-1.3304,  Previous Close: 1.3254 WTI Oil open at $88.33 and gold open at $1,757.44. US markets are lower today. For today, USD resistance is at 1.3324. Support is at 1.3306.   Positive risk sentiment undermines greenback President Biden and China President Jinping meeting today US dollar remains under pressure The […]

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United State dollar (USD) - Knightsbridge FX

Canadian Dollar Update, November 11, 2022 – Canadian dollar gets its wings

USD/CAD Open: 1.3308-12, Overnight Range: 1.3286-1.3359,  Previous Close: 1.3321 WTI Oil open at $89.56 and gold open at $1,758.68. US markets are mixed today. For today, USD resistance is at 1.3275. Support is at 1.3216.   Lower than expected US CPI triggers massive risk-on rally Partial holidays in Canada and USA for Remembrance/Veterans Day US […]

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