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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 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 4, 2022 – Canadian Dollar Making a Charge

USD/CAD Open: 1.2831-35, Overnight Range: 1.2820-1.2854,  Previous Close: 1.2841 WTI Oil open at $91.51 and gold open at $1,780.05. US markets are mixed today. For today, USD resistance is at 1.2879. Support is at 1.2835.   China’s belligerence ignored and stock markets rise Bank of England hikes rates by 50 bps, as expected US dollar […]

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Canadian Dollar Update, August 3, 2022 – Canadian Dollar Retreats

USD/CAD Open: 1.2853-57, Overnight Range: 1.2762-1.2890,  Previous Close: 1.2880 WTI Oil open at $93.64 and gold open at $1,765.79. US markets are higher today. For today, USD resistance is at 1.2891. Support is at 1.2828   China/US tensions elevated Global stocks slide, Treasury yields plunge US dollar opens on mixed note The Canadian dollar largely […]

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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 - knightsbridge fx

Canadian Dollar Update, July 27, 2022 – Canadian Dollar Counting Down Until FOMC

USD/CAD Open: 1.2856-60,  Overnight Range: 1.2849-1.2887,  Previous Close: 1.2884 WTI Oil open at $95.15 and gold open at $1,722.40. US markets are higher today. For today, USD resistance is at 1.2843. Support is at 1.2805.   Fed expected to hike rates 75 bps today UK economy hit by rail strike US dollar retreats overnight except […]

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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 - knightsbridge fx

Canadian Dollar Update, July 22, 2022 – Canadian Dollar on Firm Footing

USD/CAD Open: 1.2863-67,  Overnight Range: 1.2865-1.2896,  Previous Close: 1.2865 WTI Oil open at $95.85 and gold open at $1,724.36. US markets are lower today. For today, USD resistance is at 1.2937. Support is at 1.2897.   EURUSD gives back post-ECB rate hike gains Canada Retail Sales on tap US dollar outperforms overnight The Canadian dollar […]

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