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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, October 5, 2022 – Canadian Dollar Bounces off Resistance

USD/CAD Open: 1.3587-91, Overnight Range: 1.3506-1.3622,  Previous Close: 1.3510 WTI Oil open at $86.11 and gold open at $1,706.31. US markets are lower today. For today, USD resistance is at 1.3721. Support is at 1.3614.   European equity indexes and S&P 500 futures in retreat Opec expected to cut production by 2.0 million barrels/day US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, October 4, 2022 – Canadian Dollar Consolidates Gains

USD/CAD Open: 1.3634-38, Overnight Range: 1.3570-1.3651,  Previous Close: 1.3623 WTI Oil open at $84.21 and gold open at $1,708.28. US markets are higher today. For today, USD resistance is at 1.3592. Support is at 1.3487.   Global stocks rally as the US 10-year Treasury yield slides WTI oil jumps 6% in 24 hours US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 30, 2022 – Canadian Dollar Edging Lower

USD/CAD Open: 1.3693-97, Overnight Range: 1.3660-1.3744,  Previous Close: 1.3685 WTI Oil open at $81.61 and gold open at $1,667.70. US markets are lower today. For today, USD resistance is at 1.3828. Support is at 1.3731.   Canadian dollar falling in tandem with S&P 500 futures Canadian banks and Federal government closed today US dollar ending […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 29, 2022 – Canadian Dollar Gets a Reprieve

USD/CAD Open: 1.3693-97, Overnight Range: 1.3608-1.3754,  Previous Close: 1.3604 WTI Oil open at $82.35 and gold open at $1,647.74. US markets are lower today. For today, USD resistance is at 1.3764. Support is at 1.3666.   Risks from UK market turmoil eases Wall Street set to open lower US dollar rebounds from yesterday’s closing levels […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 27, 2022 – Canadian Dollar Depressed

USD/CAD Open: 1.3709-13, Overnight Range: 1.3642-1.3740,  Previous Close: 1.3740 WTI Oil open at $77.69 and gold open at $1,633.44. US markets are mixed today. For today, USD resistance is at 1.3743. Support is at 1.3709.   Loonie consolidating losses GBPUSD turmoil roils FX markets US dollar remains bid but below its peak levels  The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 26, 2022 – Canadian Dollar Deep-Sixed

USD/CAD Open: 1.3641-45, Overnight Range: 1.3561-1.3680,  Previous Close: 1.3590 WTI Oil open at $78.30 and gold open at $1,642.28. US markets are lower today. For today, USD resistance is at 1.3727. Support is at 1.3663.   Canadian dollar collateral damage in GBPUSD “flash crash” Risk aversion sours on US rate outlook and geopolitical tensions US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 23, 2022 – Canadian Dollar Dives Again

USD/CAD Open: 1.3524-28, Overnight Range: 1.3470-1.3549,  Previous Close: 1.3488 WTI Oil open at $81.74 and gold open at $1,656.69. US markets are lower today. For today, USD resistance is at 1.3621. Support is at 1.3549.   Global recession risks fuel US dollar demand GBPUSD hitting 37-year lows US dollar extends gains, JPY and CHF outperform […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 20, 2022 – Canadian Dollar has Bearish Bias

USD/CAD Open: 1.3291-95, Overnight Range: 1.3229-1.3299,  Previous Close: 1.3251 WTI Oil open at $85.65 and gold open at $1,667.80. US markets are lower today. For today, USD resistance is at 1.3387. Support is at 1.3337.   Canada August inflation report on tap Sweden’s Riksbank hikes rates 100 bps US dollar gives back some gains, NZD […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 15, 2022 – Canadian Dollar Nursing its Wounds

USD/CAD Open: 1.3164-68, Overnight Range: 1.3156-1.3183,  Previous Close: 1.3167 WTI Oil open at $87.89 and gold open at $1,689.37. US markets are lower today. For today, USD resistance is at 1.3231. Support is at 1.3174.   Markets quiet as traders reassess outlook Scotiabank economist claims latest fiscal stimulus program inflationary US dollar drifts higher in […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 14, 2022 – Canadian Dollar Plummets

USD/CAD Open: 1.3162-66, Overnight Range: 1.3150-1.3193,  Previous Close: 1.3175 WTI Oil open at $87.89 and gold open at $1,704.71. US markets are mixed today. For today, USD resistance is at 1.3214. Support is at 1.3088.   Hot US inflation sinks Loonie Wall Street Futures give back overnight gains ahead of US open US dollar consolidates […]

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