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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, October 25, 2022 – Canadian dollar fading

USD/CAD Open: 1.3732-36, Overnight Range: 1.3681-1.3746,  Previous Close: 1.3706 WTI Oil open at $83.33 and gold open at $1,640.24. US markets are higher today. For today, USD resistance is at 1.3676. Support is at 1.3575.   Weaker oil prices weigh on Loonie Chinese yuan tumbles and supports board US dollar demand US dollar firm opens […]

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Canadian Dollar Update, October 24, 2022 – Canadian dollar churning

USD/CAD Open: 1.3711-15, Overnight Range: 1.3609-1.3753,  Previous Close: 1.3645 WTI Oil open at $83.81 and gold open at $1,649.61. US markets are higher today. For today, USD resistance is at 1.3735. Support is at 1.3693.   Equity markets climb as Treasury Yields slide Rishi Sunak expected to become UK PM today US dollar firms from […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 21, 2022 – Canadian dollar unchanged from Monday open

USD/CAD Open: 1.3712-16, Overnight Range: 1.3766-1.3829,  Previous Close: 1.3764 WTI Oil open at $84.29 and gold open at $1,625.39. US markets are higher today. For today, USD resistance is at 1.3900. Support is at 1.3722.   Canadian dollar rangebound albeit with bearish bias Global stocks pressure by higher US Treasury yields US dollar ending week […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, October 20, 2022 – Canadian dollar ignores inflation report

USD/CAD Open: 1.3739-43, Overnight Range: 1.3706-1.3805,  Previous Close: 1.3764 WTI Oil open at $83.80 and gold open at $1,641.75. US markets are higher today. For today, USD resistance is at 1.3783. Support is at 1.3637.   Traders ignore Canadian inflation data US Treasury yields rise in Asia and retreat in Europe US dollar opens softer […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 19, 2022 – Canadian dollar awaiting CPI data

USD/CAD Open: 1.3726-30, Overnight Range: 1.3721-1.3783,  Previous Close: 1.3733 WTI Oil open at $83.80 and gold open at $1,641.75. US markets are lower today. For today, USD resistance is at 1.3815. Support is at 1.3750.   Canada inflation expected to dip to 6.8% from 7.0% in September Hawkish Fed-speak, high UK and EU inflation support […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 18, 2022 – Canadian dollar tossing and turning

USD/CAD Open: 1.3762-66, Overnight Range: 1.3659-1.3770,  Previous Close: 1.3715 WTI Oil open at $85.18 and gold open at $1,651.82. US markets are higher today. For today, USD resistance is at 1.3749. Support is at 1.3713.   Global risk sentiment improves BoC Business Outlook Survey shows business confidence softened US dollar attempting rebound from yesterday’s NY […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 13, 2022 – Canadian Dollar Drifting Lower

USD/CAD Open: 1.3795-99, Overnight Range: 1.3792-1.3835,  Previous Close: 1.3817 WTI Oil open at $87.56 and gold open at $1,675.20. US markets are higher today. For today, USD resistance is at 1.3794. Support is at 1.3703.   FOMC minutes were hawkish as expected Traders awaiting key US inflation data US dollar slightly weaker, remains bid The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 11, 2022 – Canadian Dollar Makes New 2022 Low

USD/CAD Open: 1.3841-45, Overnight Range: 1.3703-1.3853,  Previous Close: 1.3734 WTI Oil open at $88.78 and gold open at $1,662.59. US markets are lower today. For today, USD resistance is at 1.3918. Support is at 1.3672.   Risk aversion worsens due to Russian aggression and Chinese data Bank of England expands gilt support program US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 7, 2022 – Canadian Dollar Not Giving Thanks

USD/CAD Open: 1.3706-10, Overnight Range: 1.3706-1.3759,  Previous Close: 1.3747 WTI Oil open at $89.20 and gold open at $1,712.83. US markets are lower today. For today, USD resistance is at 1.3764. Support is at 1.3680. BoC governor undermines Loonie US NFP show a gain of 250,000 jobs in September US dollar trades sideways in quiet […]

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Canadian Dollar Update, October 6, 2022 – Canadian Dollar Gives Back Gains

USD/CAD Open: 1.3666-70, Overnight Range: 1.3567-1.3670,  Previous Close: 1.3618 WTI Oil open at $87.61 and gold open at $1,714.84. US markets are lower today. For today, USD resistance is at 1.3768. Support is at 1.3670.   Fed officials push back against pivot talk Opec slashes production by 2.0 m/bd US dollar firms ahead of Friday […]

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