The US Dollar has fallen to 2-month lows against the Loonie, as US election uncertainty increased amid prolonged and contentious...
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
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Why is the USDCAD showing a lot of whipsaws in today's trading? Sign up to find out why.
The USDCAD pair extended the decline from Friday as the greenback saw fresh supply that led to a 100-pip drop...
Data from Statistics Canada show that Canada’s economy grew by 1.2% on a monthly basis in August 2020, representing a...
USDCAD is extending the upside today following yesterday's big move to the north. Sign up to find out why.
The Loonie took a massive hit this Wednesday as risk aversion took hold of the markets shortly before the onset...
The USDCAD price is relatively calm today as traders wait for the outcome of the ongoing Bank of Canada (BOC)...
The USDCAD could see volatility this week as the Bank of Canada meets to share its latest interest rate announcement. The BoC currently has rates at 0.25%, which is higher than many other developed nations and a surprise cut cannot be ruled out.
The USDCAD pair came back to the “equilibrium” level – 1.30. The 1.30 level acted as a pivotal level on...
The USDCAD is off intraday lows after data from Statistics Canada showed that Canada Retail Sales only grew up 0.4%...