USDCAD trades sharply lower on early American session as optimism about the reopening of the economy boosts risky assets and shifts investors attention away from the USD safe haven.
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 Pare Gains After Weak Philly Fed Manufacturing Index
USDCAD trades close to daily lows after weak economic data from the U.S. economy. The employment market in the USA faces a historical challenge after the U.S. initial jobless claims reported today at 2438K
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 Selling Pressure Accelerates Below The 50-Day SMA As Crude Oil Extends Gains
USDCAD extends losses for the second day after yesterday’s sharp losses that breached the 50-day moving average. Canadian Loonie gets a hand from higher crude oil prices as the WTI crude oil price
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.
USDCAD Higher As Canada Extends Wage Subsidy Program
USDCAD Seesaws Around The 50-Day MA
USDCAD in Bullish Start to the Week, Major Price Move Awaited
The USDCAD is in a symmetrical triangle following today's 100-pip push. Which way could the pair go when the triangle gives way? Sign up to see the actionable analysis of the pair.
USDCAD Slumps On Higher Crude Oil Price And U.S. Jobless Claims Data
USDCAD slumps after another dismal U.S. initial jobless claims. U.S. Initial Jobless Claims came in at 3169K, topping the forecasts of 3000K on May 1, the previous week reading was at 3.839K.
USDCAD jump as US braces for record NFP payrolls data
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