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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 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 28, 2022 – Canadian Dollar Inches Higher

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 27, 2022 – Canadian Dollar Tracking Risk Sentiment

USD/CAD Open: 1.2888-92,  Overnight Range: 1.2867-1.2915,  Previous Close: 1.2894 WTI Oil open at $107.97 and gold is at $1,838.19. US markets are mixed today. For today, USD resistance is at 1.2906. Support is at 1.2851.   Positive risk sentiment starting to fade in early NY trading US interest rate outlook overshadows geopolitical tensions 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 21, 2022 – Canadian Dollar Catches a Bid

USD/CAD Open: 1.2924-28,  Overnight Range: 1.2908-1.2984,  Previous Close: 1.2981 WTI Oil open at $110.59 and gold is at $1,837.20. US markets are higher today. For today, USD resistance is at 1.2930. Support is at 1.2915.   Canadian dollar best performing G-10 currency since yesterday Global risk sentiment improves as stock markets rally US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 20, 2022 – Canadian Dollar Attempting to Rebound

USD/CAD Open: 1.2985-89,  Overnight Range: 1.2987-1.3035,  Previous Close: 1.3028 WTI Oil open at $108.30 and gold is at $1,840.81. US markets are mixed today. For today, USD resistance is at 1.3012. Support is at 1.2981.   Canadian dollar bounces off major support US markets closed for holiday US dollar opens mixed-NZD outperforms The Canadian dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 15, 2022 – Canadian Dollar Drifting Higher

USD/CAD Open: 1.2934-38,  Overnight Range: 1.2918-1.2971,  Previous Close: 1.2956 WTI Oil open at $117.50 and gold is at $1,825.50. US markets are higher today. For today, USD resistance is at 1.2888. Support is at 1.2850.   ECB calls emergency meeting FX markets on edge ahead of FOMC meeting US dollar drops on profit-taking ahead of […]

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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 - knightsbridgefx

Canadian Dollar Update, June 13, 2022 – Canadian Dollar Falls Further

USD/CAD Open: 1.2858-62,  Overnight Range: 1.2776-1.2866,  Previous Close: 1.2787 WTI Oil open at $118.63 and gold open at $1,854.71. US markets are lower today. For today, USD resistance is at 1.2891. Support is at 1.2808.   Soaring US inflation sinks global equity markets Canadian dollar swamped by negative risk sentiment, globally US dollar surges ahead […]

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