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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 - knightsbridgefx

Canadian Dollar Update, April 29, 2022 – Canadian Dollar Rebounds

USD/CAD Open: 1.2744-48,  Overnight Range: 1.2727-1.2811,  Previous Close: 1.2807 WTI Oil open at $106.68 and gold open at $1,914.73. US markets are lower today. For today, USD resistance is at 1.2868. Support is at 1.2740.   Risk sentiment improves on China stimulus talk European stocks rally, US equity futures falter CAD outperforms as US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 28, 2022 – Canadian Dollar Depressed

USD/CAD Open: 1.2834-38,  Overnight Range: 1.2800-1.2876,  Previous Close: 1.2817 WTI Oil is at $105.32 and gold is at $1,895.90. US markets are higher today. For today, USD resistance is at 1.2818. Support is at 1.2787.   Dovish BoJ and free-falling CNY undermine commodity bloc currencies Global stocks rebound despite rising Russia tensions US dollar opens […]

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Canadian Dollar Update, April 27, 2022 – Canadian Dollar Drops Further

USD/CAD Open: 1.2833-37,  Overnight Range: 1.2780-1.2846,  Previous Close: 1.2826 WTI Oil is at $101.85 and gold is at $1,885.60. US markets are mixed today. For today, USD resistance is at 1.2829. Support is at 1.2804.   Russia shuts off gas supply to Poland and Bulgaria China planning another round of stimulus measures Safe-haven demand lifts […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 26, 2022 – Canadian Dollar Marginally Firmer

USD/CAD Open: 1.2736-40,  Overnight Range: 1.2686-1.2746,  Previous Close: 1.2736 WTI Oil Open at $97.84 and gold open at $1,904.69. US markets are lower today. For today, USD resistance is at 1.2820. Support is at 1.2772.   Stocks rally as war rages and Russia talks nukes US Durable Goods Orders, Consumer Confidence data ahead US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 25, 2022 – Canadian Dollar Continues to Slide

USD/CAD Open: 1.2744-48,  Overnight Range: 1.2709-1.2755,  Previous Close: 1.2710 WTI Oil Open at $97.75 and gold open at $1,917.40. US markets are mixed today. For today, USD resistance is at 1.2756. Support is at 1.2713.   Hawkish Fed, Russian aggression, China covid trigger “risk-off” trading EURUSD ignores data and French politics US dollar soars on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 22, 2022 – Canadian Dollar Crunched

USD/CAD Open: 1.2678-82,  Overnight Range: 1.2569-1.2680,  Previous Close: 1.2584 WTI Oil Open at $102.04 and gold open at $1,944.09. US markets are mixed today. For today, USD resistance is at 1.2754. Support is at 1.2684.   Powell tacitly confirms 50bp rate hike May 4 Canadian Retail Sales ahead-it is a non-event US dollar rebounds sharply […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, April 19, 2022 – Canadian Dollar Steady

USD/CAD Open: 1.2610,  Overnight Range: 1.2570-1.2616,  Previous Close: 1.2610 WTI Oil is at $102.50 and gold is at $1,956.30. US markets are higher today. For today, USD resistance is at 1.2638. Support is at 1.2601.   Hawkish Fed-speak boosts the 10-year Treasury yield Russia/Ukraine war weighs on EURUSD US dollar opens modestly lower, except against […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 18, 2022 – Canadian Dollar Sinks on US rate Outlook

USD/CAD Open: 1.2635-39,  Overnight Range: 1.2591-1.2642,  Previous Close: 1.2603 WTI Oil is at $109.47 and gold is at $1,983.00. US markets are higher today. For today, USD resistance is at 1.2630. Support is at 1.2588.   Most markets closed for Easter Monday US Treasury Yields extend gains CAD outperforms vs commodity bloc, US dollar bid […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, April 13, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.2647-51,  Overnight Range: 1.2613-1.2650,  Previous Close: 1.2643 WTI Oil is at $104.09 and gold is at $1,982.10. US markets are higher today. For today, USD resistance is at 1.2604. Support is at 1.2533.   RBNZ hikes rates 0.50%, more than expected UK inflation climbs 7.0%, highest since 1992 NZD underperforms as US dollar […]

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Canadian Dollar Update, April 12, 2022 – Canadian Dollar Clawing Back Overnight Losses

USD/CAD Open: 1.2657-61,  Overnight Range: 1.2632-1.2660,  Previous Close: 1.2634 WTI Oil is at $100.51 and gold is at $1,970.20. US markets are lower today. For today, USD resistance is at 1.2639. Support is at 1.2596.   Stocks tumble after White House inflation warning German CPI and ZEW Survey put pressure on ECB US dollar grinds […]

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