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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, 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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Canadian Dollar Update, June 22, 2022 – Canadian Dollar Awaiting CPI

USD/CAD Open: 1.2978-82,  Overnight Range: 1.2919-1.2995,  Previous Close: 1.2918 WTI Oil open at $104.23 and gold is at $1,828.71. US markets are lower today. For today, USD resistance is at 1.2980. Support is at 1.2906.   Canada’s May inflation report is due today Fed Chair Powell testifies before Congress US dollar rallies on negative risk […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 14, 2022 – Canadian Dollar Crushed on Fed Outlook

USD/CAD Open: 1.2922-26,  Overnight Range: 1.2868-1.2926,  Previous Close: 1.2899 WTI Oil open at $121.81 and gold is at $1,824.08. US markets are mixed today. For today, USD resistance is at 1.2964. Support is at 1.2916.   Fed expected to hike rates by 0.75% tomorrow GBPUSD fall exacerbated by data and politics US dollar extends yesterday’s […]

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Canadian Dollar Update, June 8, 2022 – Canadian Dollar Gnawing at Resistance

USD/CAD Open: 1.2547-51,  Overnight Range: 1.2527-1.2557,  Previous Close: 1.2533 WTI Oil open at $121.32 and gold open at $1,849.66. US markets are lower today. For today, USD resistance is at 1.2569. Support is at 1.2544.   Surging US Treasury yields turn risk sentiment negative Australia’s central bank raises rates 0.50% US dollar opens strongly, JPY […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 1, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.2639-43,  Overnight Range: 1.2638-1.2671,  Previous Close: 1.2638 WTI Oil open at $116.70 and gold open at $1,831.48. US markets are lower today. For today, USD resistance is at 1.2675. Support is at 1.2638.   BoC rate hike of 0.50% priced in Eurozone data is mixed, PMI higher, US dollar posts modest gains at […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 30, 2022 – Canadian Dollar Grinding Higher

USD/CAD Open: 1.2680-84,  Overnight Range: 1.2684-1.2728,  Previous Close: 1.2721 WTI Oil open at $115.61 and gold open at $1,858.45. US markets are higher today. For today, USD resistance is at 1.2674. Support is at 1.2641.   WTI oil gains as demand expected to outstrip supply Talk of September US rate hike pause undermines greenback US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 26, 2022 – Canadian Dollar Idling

USD/CAD Open: 1.2816-20,  Overnight Range: 1.2804-1.2847,  Previous Close: 1.2818 WTI Oil open at $111.31 and gold open at $1,845.92. US markets are higher today. For today, USD resistance is at 1.2827. Support is at 1.2754.   Canada March Retail Sales expected to rebound European equities and Wall Street futures firm post-FOMC minutes US dollar opens […]

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