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 trades 0.02% higher at 1.3264 as the pair continues trapped between the 50 and 100 day moving averages. The momentum is positive for the pair, having the daily high at 1.3263 and the daily low at 1.3250. Crude oil, Canada’s main export product is 1.66% at $55.72 per barrel. [...]
USDCAD trades 0.02% lower at 1.3227 as the pair looks trapped between the 50 and 100 day moving averages. The momentum is positive for the pair, having the daily high at 1.3292 just and the daily low at 1.3221. United States Consumer Price Index (YoY) came in at 1.8%, topping [...]
The US Core Consumer Price Index (CPI ex food and energy) for the month of July registered at 0.3%, which was higher than the market estimate of 0.2% and matched the result for the month of June 2019. The main CPI number which factors in food and energy products in [...]
According to Statistics Canada, Canadian unemployment rose to 5.7% in July, which was higher than the market expectation of 5.5%. Furthermore, the total number of people that were employed within the period under review fell by 24,200, which was worse than the previous month’s number of 2,200. Participation rate dropped [...]
The Canadian Dollar hit an intraday low against the US Dollar as oil prices could not muster a significant overnight rally. Consequently, the USDCAD traded at 1.3344 before correcting to the 1.3263 price level. Since then, most of the intraday trading for the day has swung between the S1 pivot [...]
USDCAD trades almost unchanged today at 1.3210 as the pair struggles for third trading session in a row to close above the 50 day moving average. The momentum is positive for the pair, having the daily high at 1.3246 and the daily low at 1.3176. ISM Non-Manufacturing PMI dropped to [...]
The USDCAD will be in focus today at 12.30GMT as the Canadian Trade Balance is released. The expectation is for a deficit of $300,000 to be registered, which is a huge drop from the $800,000 surplus recorded previously. The USD/CAD pair has been trading upwards for most of the week [...]
USDCAD trades 0.22 percent higher at 1.3220 in positive momentum for second consecutive day, having the daily high at 1.3247 and the daily low at 1.3182. USD continues to attract bids as investors digest the interest rate cut by Fed yesterday. The US July ISM manufacturing index came in at [...]
