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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 - knightsbridgefx

Canadian Dollar Update, February 17, 2022 – Canadian Dollar Marking Time

USD/CAD Open: 1.2700-04,  Overnight Range: 1.2682-1.2733,  Previous Close: 1.2691 WTI Oil is at $91.71 and gold is at $1,900.70. US markets are lower today. For today, USD resistance is at 1.2727. Support is at 1.2683.   Geopolitical tensions flare anew No new insight from FOMC minutes US dollar trading sideways The Canadian dollar continues to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 16, 2022 – Canadian Dollar Inches Higher

USD/CAD Open: 1.2681-84,  Overnight Range: 1.2681-1.2724,  Previous Close: 1.2718 WTI Oil is at $93.67 and gold is at $1,869.90. US markets are lower today. For today, USD resistance is at 1.2706. Support is at 1.2672.   Risk aversion improves but geopolitical tensions still simmer Top tier US data and FOMC minutes ahead US dollar retreats […]

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Canadian Dollar Update, February 11, 2022 – Canadian Dollar Swamped by US Interest Rate Outlook

USD/CAD Open: 1.2726-30,  Overnight Range: 1.2698-1.2752,  Previous Close: 1.2721 WTI Oil is at $91.54 and gold is at $1,836.00. US markets are mixed today. For today, USD resistance is at 1.2722. Support is at 1.2652.   Soaring US CPI fuels aggressive rate hike outlook GBPUSD recovering losses following robust data US dollar opens firmed but […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 10, 2022 – Canadian Dollar Awaiting US Data

USD/CAD Open: 1.2672-76,  Overnight Range: 1.2667-1.2685,  Previous Close: 1.2673 WTI Oil is at $90.12 and gold is at $1,830.30. US markets are lower today. For today, USD resistance is at 1.2760. Support is at 1.2662.   US CPI expected to have risen 7.3% y/y in January ECB lowers GDP and raises inflation forecasts US dollar […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 9, 2022 – Canadian Dollar in Limbo

USD/CAD Open: 1.2684-88,  Overnight Range: 1.2684-1.2714,  Previous Close: 1.2707 WTI Oil is at $89.52 and gold is at $1,834.50. US markets are higher today. For today, USD resistance is at 1.2683. Support is at 1.2659.   Geopolitics cast a pall over markets Rising US Treasury yields US dollar attempting to recover some yesterday’s losses The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 8, 2022 – Canadian Dollar Directionless

USD/CAD Open: 1.2692-96,  Overnight Range: 1.2666-1.2705,  Previous Close: 1.2666 WTI Oil is at $89.25 and gold is at $1,828.10. US markets are higher today. For today, USD resistance is at 1.2746. Support is at 1.2680.   Geopolitics cast a pall over markets Rising US Treasury yields US dollar attempting to recover some yesterday’s losses The […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, February 7, 2022 – Canadian Dollar Struggling for Direction

USD/CAD Open: 1.2733-37,  Overnight Range: 1.2711-1.2755,  Previous Close: 1.2765 WTI Oil is at $91.31 and gold is at $1,819.40. US markets are lower today. For today, USD resistance is at 1.2720. Support is at 1.2650.   WTI oil jumps 5.8% since yesterday EURUSD soars on ECB hawkish flip US dollar opens mixed; EUR outperforms The […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, February 4, 2022 – Canadian Dollar Ignores Oil Price Surge

USD/CAD Open: 1.2722-26,  Overnight Range: 1.2665-1.2732,  Previous Close: 1.2675 WTI Oil is at $91.93 and gold is at $1,808.80. US markets are mixed today. For today, USD resistance is at 1.2777. Support is at 1.2729.   WTI oil jumps 5.8% since yesterday EURUSD soars on ECB hawkish flip US dollar opens mixed; EUR outperforms The […]

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Canadian Dollar Update, February 3, 2022 – Canadian Dollar Trading Sideways

USD/CAD Open: 1.2711-15,  Overnight Range: 1.2672-1.2710,  Previous Close: 1.2669 WTI Oil is at $88.65 and gold is at $1,806.50. US markets are lower today. For today, USD resistance is at 1.2720. Support is at 1.2636.   Bank of England raises rates 0.25%, blames inflation Global equity markets fall, spooked due to Meta (FB) performance Negative […]

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