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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, June 3, 2026 – Canadian Dollar trading with bearish bias

Canadian Dollar trading with bearish bias Iran and US violate ceasefire-again. Oil prices surge and risk sentiment sours. US dollar in demand in early NY trading.   USDCAD open: 1.3857, overnight range 1.3832-1.3859, close 1.3840, WTI 96.94, Gold 4,442.00   The Canadian dollar was under pressure overnight due to renewed risk aversion after Iran and […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 2, 2026 – Canadian Dollar playing defense

Canadian Dollar playing defense Risk sentiment improves on renewed talk of Iran/US ceasefire Oil prices slip from session peak US dollar opens mixed but inches higher in early trading   USDCAD open: 1.3851, overnight range 1.3832-1.3853, close 1.3841, WTI 91.06, Gold 4,530.56   The Canadian dollar was weighed down by widening Canada-US interest rate differentials […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 1, 2026 – Canadian Dollar remains stuck in a rut

Canadian Dollar remains stuck in a rut US and Iran violate ceasefire Oil prices surge, risk sentiment soured US dollar catches a bid on safe-haven demand   USDCAD open: 1.3817, overnight range 1.3788-1.3820, close 1.3800, WTI 90.69, Gold 4,498.45   The Canadian dollar retreated as fresh demand for the US dollar swept across major currency […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 29, 2026 – Canadian Dollar grinding higher

Canadian Dollar grinding higher Reuters reported that US and Iran agreed to another ceasefire Month end portfolio flows may weigh on US dollar. US dollar drifts lower on tepid, but improved global risk sentiment   USDCAD open: 1.3805, overnight range 1.3778-1.3808, close 1.3785, WTI 87.60, Gold 4,530.42 The Canadian dollar has fallen about 0.94% mainly […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 27, 2026 – Canadian Dollar Trickling Lower

Canadian Dollar Trickling Lower Divergent Fed and BoC policies weighing on Loonie Oil falls on optimism for US and Iran deal US dollar opens mixed after quiet overnight session   USDCAD open: 1.3825, overnight range 1.3804-1.3830, close 1.3813, WTI 89.89, Gold 4,488.24 The Canadian dollar drifted lower but remained in familiar territory, undermined by a […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 22, 2026 – Canadian Dollar bumping into resistance

Canadian Dollar bumping into resistance Global equities rise on Iran/US optimism Canada Retail Sales should be a non-event for traders US dollar remains bid on hawkish Fed outlook   USDCAD open: 1.3791, overnight range 1.3773-1.3800, close 1.3780, WTI 98.45, Gold 4,531.45 NOTE: There will not be a KBFX Daily on Monday due to the US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 21, 2026 – Canadian Dollar drifting sideways

Canadian Dollar drifting sideways Risk sentiment improves modestly FOMC minutes were hawkish US dollar is steady, underpinned by treasury yields.   USDCAD open: 1.3767, overnight range 1.3739-1.3777, close 1.3744, WTI 97.61, Gold 4,4530.95 The Canadian dollar tracked broad US dollar moves  and the somewhat hawkish FOMC minutes limited gains. Traders are weighing a tangle of […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update May 15, 2026 – Canadian Dollar Drops as Risk Aversion Rises

Canadian Dollar Drops as Risk Aversion Rises Trump’s China tour hardly a resounding success Treasury yields soar driving greenback higher The US dollar rises on renewed negative risk sentiment   USDCAD open: 1.3754, overnight range 1.3715-1.3758, close 1.3707, WTI 105.12, Gold 4,546.98 The Canadian dollar dropped overnight as global risk sentiment deteriorated. Trump’s China tour […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 14, 2026 – Canadian Dollar treading water

Canadian Dollar treading water Trump/Xi Jinping meeting rather tame, so far BoC reiterates that it is data dependent. The US dollar opens with a modest bid after a quiet overnight session   USDCAD open: 1.3707, overnight range 1.3702-1.3721, close 1.3708, WTI 101.07, Gold 4,698.79. The Canadian dollar is creeping lower in an otherwise subdued session, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 13, 2026 – Canadian Dollar treading water

Canadian Dollar treading water Market attention shifts from Iran to China Oil prices inch higher The US dollar opens mixed to firmer in early NY trading   USDCAD open: 1.3702, overnight range 1.3684-1.3711, close 1.3699, WTI 101.34, Gold 4,700.15. The Canadian dollar drifted inside a familiar band as overnight activity lacked conviction. Tuesday’s US inflation […]

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