USDCAD

In this section, you will find important USDCAD news, actionable trading ideas, and a live USDCAD chart to help you understand how the Canadian Dollar trades.

USDCAD also is known as Loonie amongst Forex traders, is the ticker symbol in FX markets that represents how many Canadian dollars you can buy with one US dollar. USDCAD is one of the major FX pairs with liquidity and narrow spreads. USDCAD is a commodity pair because the Canadian economy is a natural resources export economy. The other commodity pairs are AUDUSD and NZDUSD. Important role to the value of USDCAD plays the price of oil, due to large trading volumes of oil between the two countries. Other factors that affect the Loonie exchange rate are interest rates, unemployment, economic growth, and public deficit.

Live USDCAD Chart


USDCAD News

USDCAD

USD Weakness Push USDCAD At Three Week Lows

USDCAD continues south for the third consecutive session as the rally in crude oil price continues to rise after the physical demand for crude oil increases amid the reopening in businesses across the globe. WTI Crude oil is 2.82% higher at 32.95 per barrel. The Canadian dollar also supported by [...]
USDCAD

USDCAD: Canadian dollar bounces back as crude oil price surges

The USDCAD pair declined today as the market reacted to the surging crude oil price. The pair dropped to an intraday low of 1.4000 as the Canadian dollar continued to surge. The CAD also gained against other peers like the British pound and euro.

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USDCAD

USDCAD Seesaws Around The 50-Day MA

USDCAD returns to the unchanged level after a 100 pips daily trading range. The talk of the day was the U.S. Consumer Price Index (CPI) which came in at -0.8%

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