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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

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USDCAD News

USDCAD

USD/CAD: 1.2500 in Danger As Canadian Employment Beats US Jobs Data

The USD/CAD is the subject of focus for those trading the joint employment data release from the US and Canada. ...

USDCAD

USD/CAD Outlook: Greenback Outpoints the Loonie in the Battle of Employment Reports

The USD/CAD is up 0.53% on the day after the jobs reports of both neighbours showed contrasting fortunes. The US...

USD/CAD: Key Levels to Watch as Crude Oil Breaks the $70 Support

USD/CAD is on a rebound amid the declining crude oil prices. For the past one-and-a-half weeks, crude oil prices have...

USDCAD

USD/CAD Forecast Ahead of the Canadian Inflation Data

USD/CAD remains range-bound ahead of the Canadian inflation data. Over the past week, crude oil price’s sideways trading has supported...

USDCAD

Why is the USD/CAD Rising Today Along With Consumer Inflation? Here’s Why

The USD/CAD is trading higher today and has maintained the intraday bullishness after the US Bureau of Labor Statistics reported...

USDCAD

USD/CAD Eases on Rally Ahead of US Oil Inventory Data

USD/CAD has eased on its rally after the higher-than-expected US initial jobless claims. Analysts had expected a reading of 350,000....

USDCAD

USD/CAD: FOMC Minutes Holds the Key to Near-term Price Action

Hotter-than-expected consumer inflation data did very little to prop up the Canadian Dollar, which continues to face some headwinds from...

USD/CAD Forecast: Head-and-Shoulder Pattern Hints at Probable Losses

USD/CAD is trading sideways at around 1.2500 as investors await the US nonfarm payrolls and Canadian employment data. The US...

USDCAD

USD/CAD Could Climb to 1.26 As Crude Oil Prices Falter

A sharp decline in crude oil prices on Monday has led to a two-day rise in the USD/CAD. This scenario...

USDCAD bank of canada

USD/CAD: What to Expect in Light of the BoC Interest Rate Decision

USD/CAD is trading sideways as investors eye the BoC interest rate decision scheduled for later in the day. The central...

USDCAD

USD/CAD Outlook with Canadian Jobs Data in the Horizon

USD/CAD is on a consolidation pattern ahead of the Canadian employment data. Analysts expect 195,000 additional people to have been...

USDCAD

USD/CAD: Key Level to Watch with the Bullish Pennant Formation

USD/CAD is on a bullish pennant formation as investors eye the Fed minutes scheduled for later in Wednesday’s session. On...

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