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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, September 20, 2022 – Canadian Dollar has Bearish Bias

USD/CAD Open: 1.3291-95, Overnight Range: 1.3229-1.3299,  Previous Close: 1.3251 WTI Oil open at $85.65 and gold open at $1,667.80. US markets are lower today. For today, USD resistance is at 1.3387. Support is at 1.3337.   Canada August inflation report on tap Sweden’s Riksbank hikes rates 100 bps US dollar gives back some gains, NZD […]

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Canadian Dollar Update, September 13, 2022 – Canadian Dollar Rally Pauses

USD/CAD Open: 1.2969-73, Overnight Range: 1.2971-1.2993,  Previous Close: 1.2984 WTI Oil open at $88.76 and gold open at $1,726.99. US markets are lower today. For today, USD resistance is at 1.3190. Support is at 1.3146.   FX focus on US CPI data German ZEW Survey, UK Employment data, ignored by FX US dollar drifts lower […]

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Canadian Dollar Update, September 12, 2022 – Canadian Dollar Rally Pauses

USD/CAD Open: 1.2987-91, Overnight Range: 1.2980-1.3052,  Previous Close: 1.3023 WTI Oil open at $87.66 and gold open at $1,725.61. US markets are higher today. For today, USD resistance is at 1.3034. Support is at 1.2928.   Global risk sentiment improves Canadian dollar shrugs off weak employment report US dollar starts week on mixed note, EUR […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, September 7, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.3158-62, Overnight Range: 1.3152-1.3204,  Previous Close: 1.3151 WTI Oil open at $87.25 and gold open at $1,706.68. US markets are mixed today. For today, USD resistance is at 1.3242. Support is at 1.3127.   BoC expected to raise interest rates either 50 or 100 bps Elevated US Treasury yields weigh on risk sentiment […]

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Canadian Dollar Update, August 26, 2022 – Canadian Dollar Waiting for Powell

USD/CAD Open: 1.2931-35, Overnight Range: 1.2925-1.2957,  Previous Close: 1.2924 WTI Oil open at $93.62 and gold open at $1,749.93. US markets are lower today. For today, USD resistance is at 1.3056. Support is at 1.3017.   Fed Chair Powell’s Jackson Hole speech highly anticipated Modest positive risk tone lingering in markets US dollar gives back […]

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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 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 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 9, 2022 – Canadian Dollar Rebounds

USD/CAD Open: 1.2843-47, Overnight Range: 1.2846-1.2872,  Previous Close: 1.2856 WTI Oil open at $90.26 and gold open at $1,791.05. US markets are lower today. For today, USD resistance is at 1.2909. Support is at 1.2876.   Trading subdued ahead of US CPI Wednesday Commodities, including oil prices, climb US dollar opens modestly lower The Canadian […]

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