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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, June 10, 2022 – Canadian Dollar Crushed

USD/CAD Open: 1.2737-41,  Overnight Range: 1.2683-1.2736,  Previous Close: 1.2699 WTI Oil open at $122.13 and gold open at $1,842.61. US markets are lower today. For today, USD resistance is at 1.2805. Support is at 1.2736.   Negative risk sentiment boosts greenback US inflation and Canada jobs data ahead US dollar opens higher across the board […]

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Canadian Dollar Update, June 8, 2022 – Canadian Dollar Gnawing at Resistance

USD/CAD Open: 1.2547-51,  Overnight Range: 1.2527-1.2557,  Previous Close: 1.2533 WTI Oil open at $121.32 and gold open at $1,849.66. US markets are lower today. For today, USD resistance is at 1.2569. Support is at 1.2544.   Surging US Treasury yields turn risk sentiment negative Australia’s central bank raises rates 0.50% US dollar opens strongly, JPY […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 2, 2022 – Canadian Dollar Drifting Higher

USD/CAD Open: 1.2657-62,  Overnight Range: 1.2641-1.2684,  Previous Close: 1.2658 WTI Oil open at $112.66 and gold open at $1,854.08. US markets are higher today. For today, USD resistance is at 1.2580. Support is at 1.2563.   BoC issues hawkish monetary policy statement European FX liquidity poor due to UK Platinum Jubilee holiday US dollar opens […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, June 1, 2022 – Canadian Dollar Awaiting BoC Decision

USD/CAD Open: 1.2639-43,  Overnight Range: 1.2638-1.2671,  Previous Close: 1.2638 WTI Oil open at $116.70 and gold open at $1,831.48. US markets are lower today. For today, USD resistance is at 1.2675. Support is at 1.2638.   BoC rate hike of 0.50% priced in Eurozone data is mixed, PMI higher, US dollar posts modest gains at […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 30, 2022 – Canadian Dollar Grinding Higher

USD/CAD Open: 1.2680-84,  Overnight Range: 1.2684-1.2728,  Previous Close: 1.2721 WTI Oil open at $115.61 and gold open at $1,858.45. US markets are higher today. For today, USD resistance is at 1.2674. Support is at 1.2641.   WTI oil gains as demand expected to outstrip supply Talk of September US rate hike pause undermines greenback US […]

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Canadian Dollar Update, May 27, 2022 – Canadian Dollar is Making a Move

USD/CAD Open: 1.2733-37,  Overnight Range: 1.2734-1.2782,  Previous Close: 1.2771 WTI Oil open at $114.35 and gold open at $1,858.81. US markets are higher today. For today, USD resistance is at 1.2739. Support is at 1.2705.   Risk sentiment improves boosting global stock markets US closed Monday, bond market closes early today US dollar adds to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 26, 2022 – Canadian Dollar Idling

USD/CAD Open: 1.2816-20,  Overnight Range: 1.2804-1.2847,  Previous Close: 1.2818 WTI Oil open at $111.31 and gold open at $1,845.92. US markets are higher today. For today, USD resistance is at 1.2827. Support is at 1.2754.   Canada March Retail Sales expected to rebound European equities and Wall Street futures firm post-FOMC minutes US dollar opens […]

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Canadian Dollar Update, May 25, 2022 – Canadian Dollar Sinking

USD/CAD Open: 1.2836-40,  Overnight Range: 1.2812-1.2874,  Previous Close: 1.2821 WTI Oil open at $111.42 and gold open at $1,856.75. US markets are higher today. For today, USD resistance is at 1.2831. Support is at 1.2805.   FOMC minutes due today European equities and US equity futures give up overnight gains US dollar stages early morning […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 20, 2022 – Canadian Dollar Grinding Out Gains

USD/CAD Open: 1.2779-83,  Overnight Range: 1.2780-1.2833,  Previous Close: 1.2823 WTI Oil open at $112.00 and gold open at $1,846.73. US markets are mixed today. For today, USD resistance is at 1.2879. Support is at 1.2795.   Canada closed Monday China stimulus improves risk sentiment US dollar retreating The Canadian dollar is trading at the top […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, May 19, 2022 – Canadian Dollar Choppy but Rangebound

USD/CAD Open: 1.2829-33,  Overnight Range: 1.2802-1.2892,  Previous Close: 1.2893 WTI Oil open at $106.72 and gold open at $1,830.34. US markets are lower today. For today, USD resistance is at 1.2845. Support is at 1.2800.   Risk aversion rampant across asset classes Global equities drowning in sea of red US dollar and safe-havens open higher […]

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