USDCAD trades lower as BoC holds rates. Find out reasons for today's price action by signing up today.
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
Higher USDCAD ahead of BOC as crude oil decline sends CAD lower.
US stocks continued their deep dive yesterday. The Dow Jones, Nasdaq 100, and S&P 500 indices dropped by 2.25%, 2.78%,...
The USDCAD was higher last week as the greenback tried to shake off months of weakness against global currencies. Strong manufacturing data and a drop in the unemployment rate made traders believe that the U.S. economy was mounting a real recovery....
Please sign in to get the USDCAD price analysis.
USDCAD pare some of the early loses after better than expected U.S. unemployment rate while the Canada unemployment rate came worse than the expectations
Sign up to find out how the USDCAD can be used to trade the US Non-Farm Payrolls and Canada Employment data, scheduled for release at the same time tomorrow.
The ADP Employment change did not affect the USDCAD. Sign up here to read the outlook on the pair before Friday's employment numbers from both countries.
Few currency pairs reflected the USD weakness like the USDCAD did in the last weeks. The pair evolves in a...
The USDCAD is trading lower on the day as the loonie consolidates on its strengthening on the greenback following upbeat GDP...
A very choppy day on many USD pairs, including the USD/CAD, is starting to show signs of stability, with the...