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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, March 29, 2022 – Canadian Dollar Gets a Boost

USD/CAD Open: 1.2487-91,  Overnight Range: 1.2484-1.2528,  Previous Close: 1.2519 WTI Oil is at $105.99 and gold is at $1,918.60. US markets are higher today. For today, USD resistance is at 1.2518. Support is at 1.2489.   Russia/Ukraine cease-fire talks bolster risk sentiment Oil prices underpinned ahead of Thursday’s Opec meeting US dollar giving back gains, […]

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canadian dollar update - knightsbridgefx

Canadian Dollar Update, March 28, 2022 – Canadian Dollar Supported by BoC Comments

USD/CAD Open: 1.2481-85,  Overnight Range: 1.2479-1.2502,  Previous Close: 1.2477 WTI Oil is at $103.42 and gold is at $1,921.90. US markets are higher today. For today, USD resistance is at 1.2543. Support is at 1.2498.   BoC warns of more aggressive policy response Risk sentiment cautious on possible Putin/Zelensky meeting CAD, AUD outperform as US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 25, 2022 – Canadian Dollar Gains on Positive Risk Sentiment

USD/CAD Open: 1.2540-44,  Overnight Range: 1.2519-1.2552,  Previous Close: 1.2527 WTI Oil is at $113.62 and gold is at $1,957.40. US markets are mixed today. For today, USD resistance is at 1.2536. Support is at 1.2486.   Commodity bloc currencies are in demand Improved risk sentiment bolsters equities US dollar opens with losses against G-10 majors, […]

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Canadian Dollar Update, March 24, 2022 – Canadian Dollar Riding Oil Bull

USD/CAD Open: 1.2575-79,  Overnight Range: 1.2556-1.2584,  Previous Close: 1.2561 WTI Oil is at $112.35 and gold is at $1,959.70. US markets are higher today. For today, USD resistance is at 1.2550. Support is at 1.2516.   Oil prices steady with a bullish bias Risk sentiment is cautiously positive US dollar opens narrowly mixed compared to […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 23, 2022 – Canadian Dollar Drifting

USD/CAD Open: 1.2583-87,  Overnight Range: 1.2567-1.2589,  Previous Close: 1.2569 WTI Oil is at $114.91 and gold is at $1,943.60. US markets are lower today. For today, USD resistance is at 1.2580. Support is at 1.2552.   US 10-year Treasury yield hits 2.417% WTI oil trending higher on new supply concerns Commodity bloc currencies lead US […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 22, 2022 – Canadian Dollar Modestly Higher

USD/CAD Open: 1.2611-15,  Overnight Range: 1.2573-1.2622,  Previous Close: 1.2593 WTI Oil is at $111.30 and gold is at $1,921.00. US markets are higher today. For today, USD resistance is at 1.2599. Support is at 1.2543.   Hawkish Powell sends Treasury yields soaring Oil prices rise on supply concerns US dollar opens on mixed note-JPY sharply […]

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Canadian Dollar Update, March 21, 2022 – Canadian Dollar Sidelined

USD/CAD Open: 1.2607-11,  Overnight Range: 1.2592-1.2620,  Previous Close: 1.2604 WTI Oil is at $109.84 and gold is at $1,932.00. US markets are mixed today. For today, USD resistance is at 1.2605. Support is at 1.2550.   Traders await Fed chair Powell speech today Oil prices search on Russia oil embargo talk US dollar opens slightly […]

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Canadian Dollar Update, March 18, 2022 – Canadian Dollar Grinding Out Gains

USD/CAD Open: 1.2618-22,  Overnight Range: 1.2597-1.2634,  Previous Close: 1.2629 WTI Oil is at $104.62 and gold is at $1,927.80. US markets are higher today. For today, USD resistance is at 1.2642. Support is at 1.2578.   Canada January Retail Sales expected to have rebounded Biden and China’s Jinping phone call scheduled today Commodity currencies grind […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 16, 2022 – Canadian Dollar Attempting to Break Higher

USD/CAD Open: 1.2720-24,  Overnight Range: 1.2703-1.2774,  Previous Close: 1.2765 WTI Oil is at $95.05 and gold is at $1,928.70. US markets are higher today. For today, USD resistance is at 1.2771. Support is at 1.2625.   China stimulus talk sparks global equity rally Canada CPI and Fed meeting ahead Commodity currency bloc surges on improved […]

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canadian dollar update - knightsbridge fx

Canadian Dollar Update, March 15, 2022 – Canadian Dollar Not Seeing the Love

USD/CAD Open: 1.2857-61,  Overnight Range: 1.2816-1.2869,  Previous Close: 1.2825 WTI Oil is at $94.46 and gold is at $1,914.40. US markets are higher today. For today, USD resistance is at 1.2838. Support is at 1.2803.   Risk sentiment improves with talk of peace talk progress New, massive COVID outbreak in China US dollar opens lower […]

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