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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, August 8, 2022 – Canadian Dollar Under Pressure

USD/CAD Open: 1.2903-07, Overnight Range: 1.2891-1.2948,  Previous Close: 1.2937 WTI Oil open at $88.15 and gold open at $1,777.58. US markets are mixed today. For today, USD resistance is at 1.2872. Support is at 1.2837   Loonie sinking under weight of weak Canadian jobs and falling oil prices China’s Exports rise, boosting trade surplus US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, August 2, 2022 – Canadian Dollar Retreats

USD/CAD Open: 1.2864-68,  Monday & Overnight Range: 1.2769-1.2876,  Friday Close: 1.2795 WTI Oil open at $93.17 and gold open at $1,774.79. US markets are lower today. For today, USD resistance is at 1.2897. Support is at 1.2862.   China/US tensions elevated Global stocks slide, Treasury yields plunge US dollar opens on mixed note The Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, July 28, 2022 – Canadian Dollar Wants to Rally

USD/CAD Open: 1.2810-14,  Overnight Range: 1.2797-1.2835,  Previous Close: 1.2824 WTI Oil open at $99.13 and gold open at $1,741.39. US markets are mixed today. For today, USD resistance is at 1.2906. Support is at 1.2781.   Fed hikes 75 bps and US stocks rally US Q2 GDP (preliminary) expected to rise 0.4% y/y US dollar […]

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Canadian Dollar Update, July 26, 2022 – Canadian Dollar Adrift

USD/CAD Open: 1.2865-69,  Overnight Range: 1.2866-1.2818,  Previous Close: 1.2847 WTI Oil open at $98.46 and gold open at $1,720.31. US markets are lower today. For today, USD resistance is at 1.2881. Support is at 1.2870.   Loonie bounces off resistance EURUSD sinks on energy crisis US dollar modestly firmer in overnight action The Canadian dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, July 25, 2022 – Canadian Dollar Making Headway

USD/CAD Open: 1.2868-71,  Overnight Range: 1.2863-1.2945,  Previous Close: 1.2916 WTI Oil open at $95.87 and gold open at $1,734.76. US markets are mixed today. For today, USD resistance is at 1.2862. Support is at 1.2816.   EURUSD rally stymied by weak Ifo data Loonie rising with improved risk sentiment US dollar opens weak, extending Friday’s […]

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Canadian Dollar Update, July 21, 2022 – Canadian Dollar Retreats

USD/CAD Open: 1.2914-18,  Overnight Range: 1.2862-1.2925,  Previous Close: 1.2881 WTI Oil open at $95.55 and gold open at $1,684.28. US markets are mixed today. For today, USD resistance is at 1.2905. Support is at 1.2860.   ECB deciding whether to hike 25bps or 50bps WTI oil prices slide US dollar rebounds in light trading The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, July 20, 2022 – Canadian Dollar Catches a Bid

USD/CAD Open: 1.2856-60,  Overnight Range: 1.2858-1.2881,  Previous Close: 1.2871 WTI Oil open at $103.07 and gold open at $1,713.17. US markets are higher today. For today, USD resistance is at 1.2924. Support is at 1.2844.   Canada June inflation expected to rise 8.4% y/y UK CPI hits 40-year peak, rising 9.4% US dollar under pressure […]

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Canadian Dollar Update, July 19, 2022 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.2944-46,  Overnight Range: 1.2932-1.2988,  Previous Close: 1.2984 WTI Oil open at $102.25 and gold open at $1,713.23. US markets are higher today. For today, USD resistance is at 1.2910. Support is at 1.2854.   Russia escalates tensions with Gazprom “force majeure” declaration Reports ECB pondering 0.50 bp rate hike on Thursday US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 29, 2022 – Canadian Dollar is Steady

USD/CAD Open: 1.2885-89,  Overnight Range: 1.2860-1.2889,  Previous Close: 1.2877 WTI Oil is at $112.06 and gold is at $1,814.86. US markets are mixed today. For today, USD resistance is at 1.2914. Support is at 1.2874.   FX volatility distorted by month and quarter end flows Spanish inflation data suggests ECB has a problem US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 23, 2022 – Canadian Dollar Stuck in a Rut

USD/CAD Open: 1.2974-78,  Overnight Range: 1.2938-1.2986,  Previous Close: 1.2947 WTI Oil open at $105.15 and gold is at $1,831.84. US markets are mixed today. For today, USD resistance is at 1.3022. Support is at 1.2955.   Recession worries roil markets Treasury yields slide US dollar opens on a mixed note ahead of weekly jobless claims […]

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