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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

Chart by TradingView

Forex
·Mar 06, 2023, 08:25 GMT

USD/CAD Continues Sideways Chop As DXY Retraces

USD/CAD (USDCAD) is one of the pairs that have performed quite well in 2023. Although the pair has been trading...
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Forex
·Feb 24, 2023, 10:34 GMT

USD/CAD Remains Strong Despite A Surge in DXY Index

USD/CAD (USDCAD) pair is showing good strength amid the strengthening dollar. The DXY index tracks US dollar in comparison to...
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Forex
·Jan 25, 2023, 04:54 GMT

USD/CAD Forecast Today: BoC Decision to be a Non-Event

The USD/CAD exchange rate has been punched in the face ahead of the first interest rate decision by the Bank...
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Forex
·Jan 11, 2023, 04:14 GMT

USD/CAD News: To Recoil Ahead of US Inflation Data

The USD/CAD exchange rate pulled back slightly on Wednesday ahead of the upcoming American consumer inflation data scheduled for Thursday....
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Forex
·Dec 19, 2022, 03:25 GMT

USD/CAD: On the Cusp of a Bullish Breakout to 1.3800

The forex market will be in a relatively calm mood this week as investors focus on the recent central bank...
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Forex
·Dec 06, 2022, 03:07 GMT

USD/CAD Forecast: Loonie Smoked Ahead of BoC Decision

The USD/CAD rose to the highest point since November 30 as investors waited for the upcoming interest rate decision by...
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Forex
·Nov 18, 2022, 05:02 GMT

USD/CAD Forecast: Signal as US, Canada Inflation Cools

The USD/CAD price remained in a tight range on Friday as investors reflected on the recent inflation numbers from the...
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Forex
·Nov 10, 2022, 06:00 GMT

USD/CAD Forecast: H&S Forms Ahead of US CPI Data

The USD/CAD price pulled back slightly on Thursday as investors waited for the upcoming American consumer inflation data. It rose...
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Forex
·Oct 19, 2022, 05:10 BST

USD/CAD Price Forecast: Signal Ahead of Canada Inflation Data

The USD/CAD remained in a consolidation phase as investors waited for the upcoming Canada inflation data. It was trading at...
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Forex
·Oct 06, 2022, 06:46 BST

USD/CAD Forecast Ahead of Canada and US NFP Data

The USD/CAD price pulled back this week as the US dollar strength waned. It dropped to a low of 1.3571,...
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