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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 9, 2022 – Canadian dollar Catches a Bid

USD/CAD Open: 1.3498-02, Overnight Range: 1.3478-1.3525,  Previous Close: 1.3491 WTI Oil open at $90.59 and gold open at $1,670.60. US markets are mixed today. For today, USD resistance is at 1.3595. Support is at 1.3419.   US Mid-term election still undecided Positive risk sentiment starting to fade US dollar firmed overnight but still below Monday’s […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 8, 2022 – Canadian dollar marking time

USD/CAD Open: 1.3498-02, Overnight Range: 1.3478-1.3525,  Previous Close: 1.3491 WTI Oil open at $90.59 and gold open at $1,670.60. US markets are higher today. For today, USD resistance is at 1.3506. Support is at 1.3385.   ECB policymakers reiterate need for higher interest rates Equity markets gain ahead of US elections US dollar firmed overnight […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 7, 2022 – Canadian dollar Soaring

USD/CAD Open: 1.3483-87, Overnight Range: 1.3468-1.3552,  Previous Close: 1.3481 WTI Oil open at $92.60 and gold open at $1,678.29. US markets are mixed today. For today, USD resistance is at 1.3509. Support is at 1.3474.   Risk sentiment flip flops overnight-positive in NY US mid-term elections may increase FX volatility US dollar falls steeply with […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 4, 2022 – Canadian dollar gets pre-employment data lift

USD/CAD Open: 1.3646-50, Overnight Range: 1.3631-1.3749,  Previous Close: 1.3746 WTI Oil open at $90.42 and gold open at $1,645.81. US markets are higher today. For today, USD resistance is at 1.3498. Support is at 1.3458.   Nonfarm payrolls forecast 200,000 Canada jobs 10,000 Global risk sentiment improves slightly US dollar trading defensively ahead of jobs […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 3, 2022 – Canadian dollar plummets post-Fed

USD/CAD Open: 1.3662-66, Overnight Range: 1.3685-1.3774,  Previous Close: 1.3712 WTI Oil open at $88.51 and gold open at $1,624.16. US markets are mixed today. For today, USD resistance is at 1.3768. Support is at 1.3690.   Bank of England rate hike-toss up between 50 or 75 bps Hawkish Fed sinks stocks US dollar soars as […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, November 2, 2022 – Canadian dollar trading sideways

USD/CAD Open: 1.3596-99, Overnight Range: 1.3587-1.3633,  Previous Close: 1.3631 WTI Oil open at $88.25 and gold open at $1,654.55. US markets are lower today. For today, USD resistance is at 1.3698. Support is at 1.3556.   BoC Governor repeats rate hikes are nearing an end New Zealand employment report is better than expected US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, November 1, 2022 – Canadian dollar starts new month on firm footing

USD/CAD Open: 1.3549-53, Overnight Range: 1.3544-1.3624,  Previous Close: 1.3623 WTI Oil open at $87.70 and gold open at $1,650.62. US markets are lower today. For today, USD resistance is at 1.3672. Support is at 1.3486.   Global risk sentiment improves lifting commodity bloc currencies RBA raises rates by 0.25% as expected US dollar opens lower, […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, October 28, 2022 – Canadian dollar awaiting August GDP

USD/CAD Open: 1.3610-14, Overnight Range: 1.3527-1.3628,  Previous Close: 1.3566 WTI Oil open at $88.11 and gold open at $1,649.46. US markets are lower today. For today, USD resistance is at 1.3642. Support is at 1.3580.   Canada growth expected to slow in August ECB surprised with dovish rate hike which helped to boost the US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 27, 2022 – Canadian dollar shrugs off dovish BoC hike

USD/CAD Open: 1.3601-04, Overnight Range: 1.3541-1.3594,  Previous Close: 1.3556 WTI Oil open at $87.77 and gold open at $1,662.41. US markets are mixed today. For today, USD resistance is at 1.3586. Support is at 1.3450.   BoC hiked rates 50 bps, surprising many traders ECB expected to raise rates by 75 bps US dollar recoups […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 26, 2022 – Canadian dollar soars

USD/CAD Open: 1.3553-57, Overnight Range: 1.3510-1.3637,  Previous Close: 1.3607 WTI Oil open at $85.87 and gold open at $1,669.84. US markets are mixed today. For today, USD resistance is at 1.3573. Support is at 1.3535.   Sterling rally sparks wide-spread US dollar selling BoC meeting today, Quarterly Monetary Policy Report released US dollar opens sharply […]

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