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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, August 24, 2022 – Canadian Dollar Adrift

USD/CAD Open: 1.2974-78, Overnight Range: 1.2946-1.2984,  Previous Close: 1.2958 WTI Oil open at $94.59 and gold open at $1,749.07. US markets are higher today. For today, USD resistance is at 1.2988. Support is at 1.2963.   US Durable Goods expected to rise 0.6% WTI oil recouping losses US dollar slips on profit-taking ahead of Powell […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 23, 2022 – Canadian Dollar Struggles

USD/CAD Open: 1.3019-23, Overnight Range: 1.3008-1.3061,  Previous Close: 1.3053 WTI Oil open at $91.94 and gold open at $1,739.33. US markets are mixed today. For today, USD resistance is at 1.2980. Support is at 1.2948.   Fed Chair Powell speech Friday China cuts rates, underpins antipodean currencies US dollar stays bid to start the week […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 22, 2022 – Canadian Dollar Playing Defence

USD/CAD Open: 1.2981-85, Overnight Range: 1.2973-1.3017,  Previous Close: 1.2993 WTI Oil open at $90.18 and gold open at $1,737.56. US markets are lower today. For today, USD resistance is at 1.3071. Support is at 1.3039.   Fed Chair Powell speech Friday China cuts rates, underpins antipodean currencies US dollar stays bid to start the week […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 19, 2022 – Canadian Dollar Sinks as US Treasury Yields Rise

USD/CAD Open: 1.2973-77, Overnight Range: 1.2946-1.2979,  Previous Close: 1.2947 WTI Oil open at $89.48 and gold open at $1,753.37. US markets are lower today. For today, USD resistance is at 1.3008. Support is at 1.2969.   Hawkish Fed-speak lifts the 10-year US Treasury yield to 2.925% Canada Retail Sales expected to rise just 0.3% m/m […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 18, 2022 – Canadian Dollar Trading Uninspired

USD/CAD Open: 1.2887-91, Overnight Range: 1.2904-1.2945,  Previous Close: 1.2915 WTI Oil open at $89.19 and gold open at $1,769.12. US markets are lower today. For today, USD resistance is at 1.2941. Support is at 1.2904.   FOMC minutes do not offer any fresh insight EU inflation jumps to 9.8% y/y from 9.6% in June Commodity […]

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Canadian Dollar Update, August 17, 2022 – Canadian Dollar has Negative Bias

USD/CAD Open: 1.2904-08, Overnight Range: 1.2891-1.2927,  Previous Close: 1.2902 WTI Oil open at $88.98 and gold open at $1,775.77. US markets are mixed today. For today, USD resistance is at 1.2931. Support is at 1.2893.   Loonie gains post-CPI fade FOMC minutes ahead US dollar opens on mixed note The Canadian dollar rallied after inflation […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 16, 2022 – Canadian Dollar Awaiting Inflation Data

USD/CAD Open: 1.2904-08, Overnight Range: 1.2891-1.2927,  Previous Close: 1.2902 WTI Oil open at $88.98 and gold open at $1,775.77. US markets are mixed today. For today, USD resistance is at 1.2863. Support is at 1.2832.   Canada inflation expected to cool to 7.6% from 8.1% Weak Eurozone and German ZEW data weighs on EURUSD US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 15, 2022 – Canadian Dollar Under Pressure

USD/CAD Open: 1.2903-07, Overnight Range: 1.2775-1.2913,  Previous Close: 1.2774 WTI Oil open at $88.27 and gold open at $1,779.48. US markets are mixed today. For today, USD resistance is at 1.2921. Support is at 1.2894.   China cuts 1 year rate Global equity rally stalls, Wall Street futures fall US dollar jumps-CAD worst performer The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 12, 2022 – Canadian Dollar Ending the Week Higher

USD/CAD Open: 1.2756-60, Overnight Range: 1.2742-1.2785,  Previous Close: 1.2762 WTI Oil open at $94.59 and gold open at $1,787.65. US markets are higher today. For today, USD resistance is at 1.2833. Support is at 1.2758.   Weak GDP data slams GBPUSD Traders embrace talk of “US soft-landing” US dollar opens mixed-Commodity bloc gains The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 11, 2022 – Canadian Dollar in Rally Mode

USD/CAD Open: 1.2761-65, Overnight Range: 1.2759-1.2790,  Previous Close: 1.2776 WTI Oil open at $92.96 and gold open at $1,790.26. US markets are mixed today. For today, USD resistance is at 1.2788. Support is at 1.2712.   Wall Street futures cheer 8.5% inflation Fed policymakers warn more rate hikes in the pipeline US dollar sinks on […]

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