USDCAD News Forecast Today, Live Chart, Technical Analysis

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 Lower As Bank of Canada Holds Rates, Crude Oil Prices Rise

Forex

·Sep 09, 2020, 17:20 BST

USDCAD trades lower as BoC holds rates. Find out reasons for today's price action by signing up today.

USDCAD Breaks Higher Ahead of Bank of Canada as Crude Oil Drops

Forex

·Sep 09, 2020, 12:01 BST

Higher USDCAD ahead of BOC as crude oil decline sends CAD lower.

Morning Brief: More Downside for Dow Jones as Fear and Greed Index Falls to 54

Forex Indices Market Brief

·Sep 09, 2020, 07:52 BST

US stocks continued their deep dive yesterday. The Dow Jones, Nasdaq 100, and S&P 500 indices dropped by 2.25%, 2.78%,...

USDCAD: Dollar Rally Gathers Pace with BOC Rates Ahead

Forex

·Sep 08, 2020, 14:26 BST

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 Muted Reaction On Better U.S. Unemployment Rate – NFP Inline

Forex

·Sep 04, 2020, 14:27 BST

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

Preview of US and Canada Jobs Reports: Implications for the USDCAD

Forex

·Sep 03, 2020, 14:25 BST

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.

USDCAD Trades Flat Despite ADP Employment Change Not Meeting Expectations

Forex

·Sep 02, 2020, 14:26 BST

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.

USDCAD Approaching Support But Price Action Still Bearish

Forex

·Aug 31, 2020, 13:43 BST

Few currency pairs reflected the USD weakness like the USDCAD did in the last weeks. The pair evolves in a...

Upbeat Canada GDP Sends USDCAD Towards Mid-January Lows

Forex

·Aug 28, 2020, 13:55 BST

The USDCAD is trading lower on the day as the loonie consolidates on its strengthening on the greenback following upbeat GDP...

USDCAD Needs to Break Critical Support As 1.3000 Beckons

Forex

·Aug 27, 2020, 18:33 BST

A very choppy day on many USD pairs, including the USD/CAD, is starting to show signs of stability, with the...

USDCAD Rebound From Eight-Month Lows – Focus in Jackson Hall

Forex

·Aug 24, 2020, 18:18 BST

USDCAD hit almost eight-month lows today during the European session but managed to rebound in the early American session. The dollar shows some strength now, and the dollar index (DXY) turned positive.

USDCAD At Seven Month Lows. Canada CPI Below Expectations

Forex

·Aug 19, 2020, 15:47 BST

USDCAD continues the sharp correction reaching seven-month lows as the sell-off in USD continues across the majors. Risk-on sentiment continues to support Canadian loonie

Subscribe to our newsletter