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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, May 21, 2026 – Canadian Dollar drifting sideways

Canadian Dollar drifting sideways Risk sentiment improves modestly FOMC minutes were hawkish US dollar is steady, underpinned by treasury yields.   USDCAD open: 1.3767, overnight range 1.3739-1.3777, close 1.3744, WTI 97.61, Gold 4,4530.95 The Canadian dollar tracked broad US dollar moves  and the somewhat hawkish FOMC minutes limited gains. Traders are weighing a tangle of […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update May 15, 2026 – Canadian Dollar Drops as Risk Aversion Rises

Canadian Dollar Drops as Risk Aversion Rises Trump’s China tour hardly a resounding success Treasury yields soar driving greenback higher The US dollar rises on renewed negative risk sentiment   USDCAD open: 1.3754, overnight range 1.3715-1.3758, close 1.3707, WTI 105.12, Gold 4,546.98 The Canadian dollar dropped overnight as global risk sentiment deteriorated. Trump’s China tour […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 14, 2026 – Canadian Dollar treading water

Canadian Dollar treading water Trump/Xi Jinping meeting rather tame, so far BoC reiterates that it is data dependent. The US dollar opens with a modest bid after a quiet overnight session   USDCAD open: 1.3707, overnight range 1.3702-1.3721, close 1.3708, WTI 101.07, Gold 4,698.79. The Canadian dollar is creeping lower in an otherwise subdued session, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 13, 2026 – Canadian Dollar treading water

Canadian Dollar treading water Market attention shifts from Iran to China Oil prices inch higher The US dollar opens mixed to firmer in early NY trading   USDCAD open: 1.3702, overnight range 1.3684-1.3711, close 1.3699, WTI 101.34, Gold 4,700.15. The Canadian dollar drifted inside a familiar band as overnight activity lacked conviction. Tuesday’s US inflation […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 12, 2026 – Canadian Dollar slowly sinks

Canadian Dollar slowly sinks Global markets revert to “risk off” Trump says US and Iran ceasefire is on life support. The US dollar opens books gains across the board   USDCAD open: 1.3711, overnight range 1.3672-1.3711, close 1.3680, WTI 101.10, Gold 4,700.11. The Canadian dollar eased lower, driven by renewed risk-off sentiment after Trump declared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 11, 2026 – Canadian Dollar finds its footing

Canadian Dollar finds its footing Oil prices rise after Trump rejects Iran counter proposal China’s Trade surplus widens The US dollar opens slightly firmer against the majors   USDCAD open: 1.3590, overnight range 1.3578-1.3623, close 1.3620, WTI 92.98, Gold 4,727.32. The Canadian dollar recouped Friday’s losses overnight thanks to another surge in oil prices Otherwise, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 8, 2026 – Canadian Dollar awaiting US and Canada Employment data

US and Iran ceasefire is fragile but still holding. US NFP likely overshadowed by inflation fears. The US dollar traded softer on improved risk sentiment.   USDCAD open: 1.3647, overnight range 1.3646-1.3667, close 1.3665, WTI 95.15, Gold 4,712.32. The loonie lagged its G-10 counterparts despite a firmer oil market while awaiting todays domestic Labour Force […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 7, 2026 – Canadian Dollar Adrift

Traders tempering optimism around Iran peace deal Oil prices consolidating losses The US dollar trading slightly lower against the majors.   USDCAD open: 1.3590, overnight range 1.3578-1.3623, close 1.3620, WTI 92.98, Gold 4,727.32. The Canadian dollar rose slightly after Improved global risk sentiment nudged the US dollar modestly lower overnight. Iran is reviewing the latest […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 6, 2026 – Canadian Dollar Lags Risk-On Rally

Canadian Dollar Lags Risk-On Rally Trump pauses Operation Freedom-says deal is close Axios reports a US and Iran MOU close to being signed The US dollar plunges across the board   USDCAD open: 1.3590, overnight range 1.3578-1.3623, close 1.3620, WTI 93.12, Gold 4,703.52. The Canadian dollar rallied after a Trump post claiming significant progress toward […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 5, 2026 – Canadian Dollar Trickles Lower

Canadian Dollar Trickles Lower Governor Macklem reiterates that rates could rise US Iran ceasefire on shaky ground The US dollar opens with modest bid   USDCAD open: 1.3612, overnight range 1.3612-1.3630, close 1.3626, WTI 104.05, Gold 4,556.15 The Canadian dollar is drifting aimlessly on the current of US dollar sentiment and headlines from the Middle […]

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