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 On Defense as Crude Oil Inches Higher

USDCAD On Defense as Crude Oil Inches Higher

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 Trapped Between the 50 and 100 Day MA

USDCAD Trapped Between the 50 and 100 Day MA

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 [...]

USDCAD Rises as Canada Unemployment Data Disappoint

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 [...]
USDCAD Seesaws around 50 Day MA

USDCAD Seesaws around 50 Day MA

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 [...]

USDCAD Trade Ideas as Canadian Trade Balance and NFP Loom

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 Jumps to Three Week Highs and Retreat

USDCAD Jumps to Three Week Highs and Retreat

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 [...]