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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 – Canadian dollar remains under pressure

USD/CAD Open: 1.3523-27, Overnight Range: 1.3474-1.3532,  Previous Close: 1.3477 WTI Oil open at $77.30 and gold open at $1,986.18. US markets are higher today. For today, USD resistance is at 1.3559. Support is at 1.3521.   Falling commodity prices weighing on Canadian dollar. Eurozone data and hawkish ECB outlook support EURUSD. US dollar grinds higher […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar technicals flip to bearish

USD/CAD Open: 1.3429-33, Overnight Range: 1.3387-1.3449,  Previous Close: 1.3388 WTI Oil open at $79.36 and gold open at $1,974.85. US markets are mixed today. For today, USD resistance is at 1.3470. Support is at 1.3441.   Eurozone inflation as expected while UK inflation gain surprises. WTI oil prices dip below support. US dollar rebounds-AUD and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar feeling perky

USD/CAD Open: 1.3314-18, Overnight Range: 1.3316-1.3342,  Previous Close: 1.3340 WTI Oil open at $82.46 and gold open at $2,039.00. US markets are lower today. For today, USD resistance is at 1.3401. Support is at 1.3359.   US Retail Sales data and Michigan Consumer Sentiment Index ahead. Gold bulls targeting all-time peak. US opens softer and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar attempting to break higher

USD/CAD Open: 1.3394-98, Overnight Range: 1.3389-1.3447,  Previous Close: 1.3442 WTI Oil open at $83.14 and gold open at $2,026.60. US markets are higher today. For today, USD resistance is at 1.3349. Support is at 1.3331.   BoC leaves rates unchanged. FOMC minutes point to another rate increase. US dollar extends yesterday’s post-CPI slide overnight. The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar drifting higher

USD/CAD Open: 1.3453-58, Overnight Range: 1.3451-1.3469,  Previous Close: 1.3464 WTI Oil open at $81.77 and gold open at $2,010.92. US markets are higher today. For today, USD resistance is at 1.3498. Support is at 1.3411.   Bank of Canada expected to leave rates unchanged today. US CPI and FOMC minutes on tap. US dollar traded […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar looking ahead to jobs data

USD/CAD Open: 1.3474-78, Overnight Range: 1.3449-1.3488,  Previous Close: 1.3457 WTI Oil open at $80.34 and gold open at $2,019.68. US markets are higher today. For today, USD resistance is at 1.3506. Support is at 1.3458.   Canada expected to have gained 12,000 jobs in March. Risk sentiment is mildly negative heading into Easter weekend. US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar JOLTED

USD/CAD Open: 1.3473-77, Overnight Range: 1.3428-1.3482,  Previous Close: 1.3444 WTI Oil open at $80.41 and gold open at $2,024.79.75. US markets are mixed today. For today, USD resistance is at 1.3475. Support is at 1.3452.   JOLTS job openings surprise raises odds the Fed leaves rates unchanged. RBNZ surprises with a 50 bp rate hike. […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update – Canadian dollar hangs on to gains

USD/CAD Open: 1.3546-50, Overnight Range: 1.3532-1.3580,  Previous Close: 1.3558 WTI Oil open at $73.67 and gold open at $1,967.38. US markets are higher today. For today, USD resistance is at 1.3560. Support is at 1.3512.   Risk sentiment improves Global equity indexes climbing on hopes for US rate hike pause US dollar trading inches lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 22, 2023 – Canadian dollar counting down until FOMC meeting.

USD/CAD Open: 1.3700-04, Overnight Range: 1.3697-1.3717,  Previous Close: 1.3713 WTI Oil open at $69.13 and gold open at $1,944.69. US markets are lower today. For today, USD resistance is at 1.3741. Support is at 1.3717.   FOMC meeting could lead to market volatility. UK inflation surged in February. US dollar trading defensively, CAD underperforms. The […]

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Canadian Dollar Update, March 20, 2023 – Canadian dollar gains hampered by falling oil prices.

USD/CAD Open: 1.3718-22, Overnight Range: 1.3688-1.3745,  Previous Close: 1.3735 WTI Oil open at $64.69 and gold open at $1,983.90. US markets are higher today. For today, USD resistance is at 1.3676. Support is at 1.3644.   G-7 central bankers act to boost global liquidity. Safe-have demand crushes 10-year Treasury yield. US dollar rises against commodity […]

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