USD/CAD is on a bullish consolidation pattern ahead of the highly anticipated NFP data. Analysts expect an addition of 700,000...
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
USDCAD pares early losses as the crude oil price slumps to $21.39. The United States Redbook Index dipped to -8.3% on April 10, from the previous 0.9%, the yearly reading came down to -2%
USDCAD continues lower for the second day in a row despite the fact that the US Durable Goods Orders increased...
USDCAD is trading lower in today's New York session on diverging outcomes of economic data from Canada and the US. Will it break out soon?
The USDCAD is testing the 1.3100 psychological resistance level on the back of June’s disappointing Canadian Retail Sales figures. The...
USDCAD trades 0.13% higher at 1.3210 rebounding from daily lows at 1.3209 after US monthly CPI came in at 0.1%...
Recent reports from China about the rise in coronavirus cases has shifted the market’s attention away from central bank speeches....
USDCAD trades 0.03% higher at 1.3310. USDCAD boosted last Thursday by worse than expected GDP data; the Canada Gross Domestic...
The Canadian GDP data has just been released to the markets. It came in at 0.2%, which was a tad...
The USD/CAD pair will be in the spotlight on Wednesday as the Federal Reserve and the Bank of Canada (BOC)...