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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, February 1, 2023 – Canadian dollar retesting resistance

USD/CAD Open: 1.3309-13, Overnight Range: 1.3291-1.3323,  Previous Close: 1.3307 WTI Oil open at $78.90 and gold open at $1,926.43. US markets are lower today. For today, USD resistance is at 1.3336. Support is at 1.3266.   Eurozone core inflation remains unchanged Fed expected to hike rates by 25 bps today US dollar opens on the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 26, 2023 – Canadian dollar digesting Bank of Canada decision

USD/CAD Open: 1.3383-87, Overnight Range: 1.3372-1.3406,  Previous Close: 1.3372 WTI Oil open at $80.71 and gold open at $1,936.62. US markets are higher today. For today, USD resistance is at 1.3426. Support is at 1.3264.   Bank of Canada hikes rates and calls a time out Lots of US data released today US dollar on […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 24, 2023 – Canadian dollar dead in the water

USD/CAD Open: 1.3365-69, Overnight Range: 1.3349-1.3383,  Previous Close: 1.3368 WTI Oil open at $81.61 and gold open at $1,937.97. US markets are mixed today. For today, USD resistance is at 1.3377. Support is at 1.3352.   Risk sentiment is modestly positive ahead of US quarterly earnings reports Euro area PMI data slight better than forecast […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 20, 2023 – Canadian dollar steady

USD/CAD Open: 1.3463-67, Overnight Range: 1.3444-1.3475,  Previous Close: 1.3468 WTI Oil open at $80.85 and gold open at $1,930.10. US markets are higher today. For today, USD resistance is at 1.3447. Support is at 1.3384.   Canadian retail sales data on tap Chinese Lunar New Year holidays begin Sunday US dollar opens on mixed note, […]

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Canadian Dollar Update, January 18, 2023 – Canadian dollar rises as greenback sinks

USD/CAD Open: 1.3355-59, Overnight Range: 1.3353-1.3408,  Previous Close: 1.3390 WTI Oil open at $81.66 and gold open at $1,914.43. US markets are lower today. For today, USD resistance is at 1.3515. Support is at 1.3461.   Bank of Japan surprises by leaving policy unchanged US Retail Sales and Producer Prices due US dollar drops across […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, January 17, 2023 – Canadian dollar awaiting domestic inflation data

USD/CAD Open: 1.3422-26, Overnight Range: 1.3396-1.3435,  Previous Close: 1.3407 WTI Oil open at $79.89 and gold open at $1,906.36. US markets are mixed today. For today, USD resistance is at 1.3417. Support is at 1.3375.   Canadian inflation expected to have fallen in December FX risk sentiment mildly negative US dollar opens lower compared to […]

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Canadian Dollar Update, January 10, 2023 – Canadian dollar drifting

USD/CAD Open: 1.3387-91, Overnight Range: 1.3378-1.3408,  Previous Close: 1.3390 WTI Oil open at $75.18 and gold open at $1,875.30. US markets are higher today. For today, USD resistance is at 1.3433. Support is at 1.3418.   Canadian dollar benefiting from improved risk sentiment Traders awaiting Thursday’s US inflation report US dollar opens lower compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 23, 2022 – Canadian dollar supported ahead of GDP

USD/CAD Open: 1.3598-02, Overnight Range: 1.3596-1.3657,  Previous Close: 1.3647 WTI Oil open at $78.94 and gold open at $1,798.82. US markets are mixed today. For today, USD resistance is at 1.3667. Support is at 1.3517.   Canada’s October GDP forecast at 0.1% m/m US PCE data and Durable Goods Orders in focus US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 21, 2022 – Canadian dollar awaiting inflation report

USD/CAD Open: 1.3623-28, Overnight Range: 1.3591-1.3624,  Previous Close: 1.3612 WTI Oil open at $76.91 and gold open at $1,812.79. US markets are higher today. For today, USD resistance is at 1.3625. Support is at 1.3584.   Markets mildly risk positive in low volume trading S&P 500 futures attempting to rally US dollar opens lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, December 5, 2022 – Canadian dollar attempting to rally

USD/CAD Open: 1.3433-37, Overnight Range: 1.3387-1.3472,  Previous Close: 1.3472 WTI Oil open at $81.70 and gold open at $1,795.32. US markets are lower today. For today, USD resistance is at 1.3601. Support is at 1.3578.   Risk sentiment positive in Asia, less so in Europe Russia unhappy with G-7 oil price cap US dollar consolidating […]

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