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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, March 7, 2022 – Canadian Dollar Ignores Soaring Oil Prices

USD/CAD Open: 1.2722-26,  Overnight Range: 1.2688-1.2755,  Previous Close: 1.2729 WTI Oil is at $117.57 and gold is at $1,987.00. US markets are lower today. For today, USD resistance is at 1.2801. Support is at 1.2742.   WTI oil hits $130.00/barrel Inflammatory Russia/Ukraine headlines fuel risk aversion US dollar opens mixed, EUR plummets The Canadian dollar […]

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Canadian Dollar Update, March 4, 2022 – Canadian Dollar Is Not Getting Any Respect

USD/CAD Open: 1.2729-33,  Overnight Range: 1.2672-1.2755,  Previous Close: 1.2681 WTI Oil is at $112.75 and gold is at $1,961.20. US markets are lower today. For today, USD resistance is at 1.2800. Support is at 1.2733.   Russian bombing of Ukraine nuclear power plant sparks risk aversion Nonfarm payrolls data may be overshadowed by geopolitics Canadian […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 2, 2022 – Canadian Dollar Benefits as WTI hits 111.00/barrel

USD/CAD Open: 1.2711-15,  Overnight Range: 1.2691-1.2743,  Previous Close: 1.2743 WTI Oil is at $112.22 and gold is at $1,930.70. US markets are higher today. For today, USD resistance is at 1.2680. Support is at 1.2617.   Oil surges on supply disruption fears Bank of Canada to announce 0.25% rate hike today US dollar opens mixed, […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 1, 2022 – Canadian Dollar Grinding out Gains

USD/CAD Open: 1.2667-71,  Overnight Range: 1.2655-1.2683,  Previous Close: 1.2669 WTI Oil is at $98.52 and gold is at $1,925.72. US markets are lower today. For today, USD resistance is at 1.2750. Support is at 1.2650.   WTI oil trades at $101.00/b Canada GDP is forecast at 6.2% y/y, 0.1% m/m US dollar opens lower compared […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 28, 2022 – Canadian Dollar Roller Coaster

USD/CAD Open: 1.2737-41,  Overnight Range: 1.2724-1.2808,  Previous Close: 1.2702 WTI Oil is at $95.82 and gold is at $1,910.60. US markets are mixed today. For today, USD resistance is at 1.2690. Support is at 1.2659.   US equity futures attempting to recoup Asia losses Western sanctions take big bite out of Russian rouble US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 25, 2022 – Canadian Dollar Tracking Global Risk Sentiment

USD/CAD Open: 1.2806-10,  Overnight Range: 1.2773-1.2819,  Previous Close: 1.2820 WTI Oil is at $91.29 and gold is at $1,885.50. US markets are higher today. For today, USD resistance is at 1.2837. Support is at 1.2660.   Global equity indexes recoup some losses Gold drops 3.5% as risk sentiment improves US dollar softer as it consolidates […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 24, 2022 – Canadian Dollar Dives as Russia invades Ukraine

USD/CAD Open: 1.2828,  Overnight Range: 1.2730-1.2846,  Previous Close: 1.2738 WTI Oil is at $92.38 and gold is at $1,889.00. US markets are mixed today. For today, USD resistance is at 1.2864. Support is at 1.2770.   Russia invades Ukraine WTI oil tops $100.00/barrel Major currencies slide on safe-haven demand for US dollars The Canadian dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 23, 2022 – Canadian Dollar Rises

USD/CAD Open: 1.2706-10,  Overnight Range: 1.2697-1.2769,  Previous Close: 1.2770 WTI Oil is at $92.00 and gold is at $1,909.10. US markets are lower today. For today, USD resistance is at 1.2731. Support is at 1.2704.   US sanctions on Russia seen as “soft” NZD outperforms after RBNZ hikes rates 0.25% US dollar sinks as risk […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 22, 2022 – Canadian Dollar Remains in Tight Range

USD/CAD Open: 1.2730-34,  Overnight Range: 1.2721-1.2767,  Previous Close: 1.2751 WTI Oil is at $93.00 and gold is at $1,905.40. US markets are lower today. For today, USD resistance is at 1.2754. Support is at 1.2716.   Risk sentiment improves moderately Canada December Retail Sales expected to fall 2.1% m/m US dollar opens close to unchanged […]

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Canadian Dollar Update, February 18, 2022 – Canadian Dollar Awaiting Retail Sales

USD/CAD Open: 1.2699-03,  Overnight Range: 1.2676-1.2716,  Previous Close: 1.2709 WTI Oil is at $91.87 and gold is at $1,896.90. US markets are lower today. For today, USD resistance is at 1.2796. Support is at 1.2666.   Risk sentiment improves moderately Canada December Retail Sales expected to fall 2.1% m/m US dollar opens close to unchanged […]

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