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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.

United State dollar (USD) - Knightsbridge FX

Canadian Dollar Update, September 13, 2022 – Canadian Dollar Rally Pauses

USD/CAD Open: 1.2969-73, Overnight Range: 1.2971-1.2993,  Previous Close: 1.2984 WTI Oil open at $88.76 and gold open at $1,726.99. US markets are lower today. For today, USD resistance is at 1.3190. Support is at 1.3146.   FX focus on US CPI data German ZEW Survey, UK Employment data, ignored by FX US dollar drifts lower […]

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Canadian Dollar Update, September 12, 2022 – Canadian Dollar Rally Pauses

USD/CAD Open: 1.2987-91, Overnight Range: 1.2980-1.3052,  Previous Close: 1.3023 WTI Oil open at $87.66 and gold open at $1,725.61. US markets are higher today. For today, USD resistance is at 1.3034. Support is at 1.2928.   Global risk sentiment improves Canadian dollar shrugs off weak employment report US dollar starts week on mixed note, EUR […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 7, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.3158-62, Overnight Range: 1.3152-1.3204,  Previous Close: 1.3151 WTI Oil open at $87.25 and gold open at $1,706.68. US markets are mixed today. For today, USD resistance is at 1.3242. Support is at 1.3127.   BoC expected to raise interest rates either 50 or 100 bps Elevated US Treasury yields weigh on risk sentiment […]

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United State dollar (USD) - Knightsbridge FX

Canadian Dollar Update, September 6, 2022 – Canadian Dollar Going Nowhere

USD/CAD Open: 1.3126-30, Overnight Range: 1.3099-1.3143,  Previous Close: 1.3143 WTI Oil open at $86.75 and gold open at $1,711.63. US markets are lower today. For today, USD resistance is at 1.3166. Support is at 1.3138.   New UK PM gives GBPUSD a lift RBA hikes 50 bps, as expected US dollar opens, mixed from Friday, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 2, 2022 – Canadian Dollar Awaiting US NFP data

USD/CAD Open: 1.3144-48, Overnight Range: 1.3136-1.3168,  Previous Close: 1.3154 WTI Oil open at $88.49 and gold open at $1,707.32. US markets are mixed today. For today, USD resistance is at 1.3167. Support is at 1.3111.   US NFP expected to rise 300,000, Unemployment rate unchanged at 3.5% European equities grind higher, Wall Street Futures are […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, September 1, 2022 – Canadian Dollar Enters Lower Trading Band

USD/CAD Open: 1.3167-71, Overnight Range: 1.3131-1.3193,  Previous Close: 1.3134 WTI Oil open at $88.12 and gold open at $1,705.62. US markets are mixed today. For today, USD resistance is at 1.3202. Support is at 1.3111.   Talk of US rates above 4.0% for all of 2023 boosts US dollar China Caixin Manufacturing PMI enters contraction […]

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Canadian Dollar Update, August 31, 2022 – Canadian Dollar Getting Crushed

USD/CAD Open: 1.3116-20, Overnight Range: 1.3066-1.3116,  Previous Close: 1.3093 WTI Oil open at $89.22 and gold open at $1,711.11. US markets are lower today. For today, USD resistance is at 1.3147. Support is at 1.3119.   Canada Q2 GDP ahead Eurozone inflation higher than expected US dollar rallies across the board The Canadian dollar is […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 30, 2022 – Canadian Dollar Tracking Greenback

USD/CAD Open: 1.2977-81, Overnight Range: 1.2974-1.3024,  Previous Close: 1.3011 WTI Oil open at $95.39 and gold open at $1,733.82. US markets are lower today. For today, USD resistance is at 1.3106. Support is at 1.3085.   Eurozone data warns of recession European equities and US futures reflect positive risk sentiment US dollar gives back some […]

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United State dollar (USD) - Knightsbridge FX

Canadian Dollar Update, August 29, 2022 – Canadian Dollar Testing Support

USD/CAD Open: 1.3067-71, Overnight Range: 1.3020-1.3074,  Previous Close: 1.3032 WTI Oil open at $93.85 and gold open at $1,723.01. US markets are lower today. For today, USD resistance is at 1.3025. Support is at 1.2986. Powell Punts Pivot Prospects UK Markets closed US dollar roars higher The Canadian dollar crashed and burned Friday and is […]

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Canadian Dollar Update, August 26, 2022 – Canadian Dollar Waiting for Powell

USD/CAD Open: 1.2931-35, Overnight Range: 1.2925-1.2957,  Previous Close: 1.2924 WTI Oil open at $93.62 and gold open at $1,749.93. US markets are lower today. For today, USD resistance is at 1.3056. Support is at 1.3017.   Fed Chair Powell’s Jackson Hole speech highly anticipated Modest positive risk tone lingering in markets US dollar gives back […]

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