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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, May 12, 2022 – Canadian Dollar Trapped in Risk Loop

USD/CAD Open: 1.3018-22,  Overnight Range: 1.2979-1.3045,  Previous Close: 1.2993 WTI Oil open at $103.92 and gold open at $1,848.50. US markets are mixed today. For today, USD resistance is at 1.3095. Support is at 1.2998.   Loonie swings between large gains and losses vs USD UK data sinks GBPUSD US dollar opens higher, AUD loses […]

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Canadian Dollar Update, May 11, 2022 – Canadian Dollar Claws Back Some Losses

USD/CAD Open: 1.2960-64,  Overnight Range: 1.2956-1.3033,  Previous Close: 1.3014 WTI Oil open at $103.00 and gold open at $1,852.66. US markets are mixed today. For today, USD resistance is at 1.2983. Support is at 1.2903.   Risk sentiment improves ahead of US CPI Oil prices climb, stocks rally as risk sentiment improves CAD opens higher, […]

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Canadian Dollar Update, May 10, 2022 – Canadian Dollar Flirting with Support

USD/CAD Open: 1.3003-07,  Overnight Range: 1.2985-1.3035,  Previous Close: 1.3014 WTI Oil open at $101.45 and gold open at $1,857.95. US markets are higher today. For today, USD resistance is at 1.3081. Support is at 1.2952.   Canadian dollar sinks deeper overnight US stock futures bounce from overnight low rather tepid USD adds to gains compared […]

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Canadian Dollar Update, May 9, 2022 – Canadian Dollar Extends Losses

USD/CAD Open: 1.2830-34,  Overnight Range: 1.2900-1.2948,  Previous Close: 1.2908 WTI Oil open at $107.86 and gold open at $1,864.13. US markets are lower today. For today, USD resistance is at 1.3023. Support is at 1.3000.   Safe-haven demand for US dollars knocks Loonie lower US 10-year Treasury yield hits 3.20% sinking Wall Street equity futures […]

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Canadian Dollar Update, May 6, 2022 – Canadian Dollar Sinks as Treasury Yields Soar

USD/CAD Open: 1.2821-25,  Overnight Range: 1.2817-1.2865,  Previous Close: 1.2837 WTI Oil open at $110.81 and gold open at $1,883.44. US markets are lower today. For today, USD resistance is at 1.2936. Support is at 1.2842.   US nonfarm payrolls (forecast 391k) and Canada jobs (55k) ahead Wall Street futures still bleeding, European equities in the […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 5, 2022 – Canadian Dollar Gets a Fed-Boost

USD/CAD Open: 1.2742-46,  Overnight Range: 1.2715-1.2763,  Previous Close: 1.2737 WTI Oil open at $107.93 and gold open at $1,897.70. US markets are lower today. For today, USD resistance is at 1.2833. Support is at 1.2719.   FOMC meeting less hawkish than expected BoE hikes rates and GBPUSD sinks US dollar sinks following FOMC meeting The […]

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Canadian Dollar Update, May 4, 2022 – Canadian Dollar Finds its Feet

USD/CAD Open: 1.2806-10,  Overnight Range: 1.2806-1.2841,  Previous Close: 1.2841 WTI Oil open at $106.10 and gold open at $1,869.85. US markets are lower today. For today, USD resistance is at 1.2872. Support is at 1.2802.   FOMC meeting ahead-expect 0.50% rate hike ECB official talks of need to raise rates in July US dollar opens […]

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Canadian Dollar Update, May 3, 2022 – Canadian Dollar Struggling

USD/CAD Open: 1.2867-71,  Overnight Range: 1.2838-1.2881,  Previous Close: 1.2879 WTI Oil is at $102.93 and gold is at $1,866.90. US markets are higher today. For today, USD resistance is at 1.2859. Support is at 1.2810.   RBA hikes rates 0.25% US 10-year Treasury yield flirting with 3.0% The Canadian dollar rose in early Asian trading […]

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Canadian Dollar Update, May 2, 2022 – Canadian Dollar Starts May Weak

USD/CAD Open: 1.2868-72,  Overnight Range: 1.2843-1.2878,  Previous Close: 1.2859 WTI Oil open at $101.53 and gold open at $1,880.68. US markets are higher today. For today, USD resistance is at 1.2932. Support is at 1.2825.   FX trading light due to May Day holidays in Asia and UK Focus is on Wednesday’s FOMC meeting US […]

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Canadian Dollar Update, April 29, 2022 – Canadian Dollar Rebounds

USD/CAD Open: 1.2744-48,  Overnight Range: 1.2727-1.2811,  Previous Close: 1.2807 WTI Oil open at $106.68 and gold open at $1,914.73. US markets are lower today. For today, USD resistance is at 1.2868. Support is at 1.2740.   Risk sentiment improves on China stimulus talk European stocks rally, US equity futures falter CAD outperforms as US dollar […]

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