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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, March 24, 2022 – Canadian Dollar Riding Oil Bull

USD/CAD Open: 1.2575-79,  Overnight Range: 1.2556-1.2584,  Previous Close: 1.2561 WTI Oil is at $112.35 and gold is at $1,959.70. US markets are higher today. For today, USD resistance is at 1.2550. Support is at 1.2516.   Oil prices steady with a bullish bias Risk sentiment is cautiously positive US dollar opens narrowly mixed compared to […]

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Canadian Dollar Update, March 16, 2022 – Canadian Dollar Attempting to Break Higher

USD/CAD Open: 1.2720-24,  Overnight Range: 1.2703-1.2774,  Previous Close: 1.2765 WTI Oil is at $95.05 and gold is at $1,928.70. US markets are higher today. For today, USD resistance is at 1.2771. Support is at 1.2625.   China stimulus talk sparks global equity rally Canada CPI and Fed meeting ahead Commodity currency bloc surges on improved […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 14, 2022 – Canadian Dollar Not Seeing the Love

USD/CAD Open: 1.2750-54,  Overnight Range: 1.2732-1.2788,  Previous Close: 1.2747 WTI Oil is at $102.58 and gold is at $1,956.50. US markets are lower today. For today, USD resistance is at 1.2862. Support is at 1.2748.   Risk sentiment improves with talk of peace talk progress New, massive COVID outbreak in China US dollar opens lower […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 10, 2022 – Canadian Dollar Looking for Direction

USD/CAD Open: 1.2821-25,  Overnight Range: 1.2793-1.2840,  Previous Close: 1.2806 WTI Oil is at $106.87 and gold is at $2,002.80. US markets are lower today. For today, USD resistance is at 1.2791. Support is at 1.2731.   Today’s ECB meeting includes updated forecasts EURUSD rallies on profit-taking and short-squeeze CAD dollar underperforms vs commodity currency bloc […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 8, 2022 – Canadian Dollar Continues to Slide

USD/CAD Open: 1.2833-37,  Overnight Range: 1.2798-1.2838,  Previous Close: 1.2820 WTI Oil is at $123.82 and gold is at $2,043.90. US markets are higher today. For today, USD resistance is at 1.2913. Support is at 1.2866.   Loonie ignoring high oil prices EU planning new stimulus US dollar opens with gains except against EUR The Canadian […]

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Canadian Dollar Update, March 7, 2022 – Canadian Dollar Ignores Soaring Oil Prices

USD/CAD Open: 1.2722-26,  Overnight Range: 1.2688-1.2755,  Previous Close: 1.2729 WTI Oil is at $117.57 and gold is at $1,987.00. US markets are lower today. For today, USD resistance is at 1.2801. Support is at 1.2742.   WTI oil hits $130.00/barrel Inflammatory Russia/Ukraine headlines fuel risk aversion US dollar opens mixed, EUR plummets The Canadian dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 2, 2022 – Canadian Dollar Benefits as WTI hits 111.00/barrel

USD/CAD Open: 1.2711-15,  Overnight Range: 1.2691-1.2743,  Previous Close: 1.2743 WTI Oil is at $112.22 and gold is at $1,930.70. US markets are higher today. For today, USD resistance is at 1.2680. Support is at 1.2617.   Oil surges on supply disruption fears Bank of Canada to announce 0.25% rate hike today US dollar opens mixed, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 1, 2022 – Canadian Dollar Grinding out Gains

USD/CAD Open: 1.2667-71,  Overnight Range: 1.2655-1.2683,  Previous Close: 1.2669 WTI Oil is at $98.52 and gold is at $1,925.72. US markets are lower today. For today, USD resistance is at 1.2750. Support is at 1.2650.   WTI oil trades at $101.00/b Canada GDP is forecast at 6.2% y/y, 0.1% m/m US dollar opens lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 25, 2022 – Canadian Dollar Tracking Global Risk Sentiment

USD/CAD Open: 1.2806-10,  Overnight Range: 1.2773-1.2819,  Previous Close: 1.2820 WTI Oil is at $91.29 and gold is at $1,885.50. US markets are higher today. For today, USD resistance is at 1.2837. Support is at 1.2660.   Global equity indexes recoup some losses Gold drops 3.5% as risk sentiment improves US dollar softer as it consolidates […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 16, 2022 – Canadian Dollar Inches Higher

USD/CAD Open: 1.2681-84,  Overnight Range: 1.2681-1.2724,  Previous Close: 1.2718 WTI Oil is at $93.67 and gold is at $1,869.90. US markets are lower today. For today, USD resistance is at 1.2706. Support is at 1.2672.   Risk aversion improves but geopolitical tensions still simmer Top tier US data and FOMC minutes ahead US dollar retreats […]

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