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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 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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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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