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.
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USDCAD Rebound As Investors Turn To USD For Cover

Forex

·Jun 15, 2020, 14:00 BST

USDCAD trades higher, making two-week highs as investors looking for cover in safe-haven USD. Fears for the second wave of...

USDCAD Lower On Strong CPI Data, Pfizer/BionTech Coronavirus Vaccine News

Forex

·Nov 18, 2020, 14:12 GMT

The Loonie is gaining support from higher crude oil prices on the day, as well as stronger inflation data. According...

USDCAD Halts Advance Towards 1.34 As Canadian Economy Grows 1.2%

Forex

·Oct 30, 2020, 14:50 GMT

Data from Statistics Canada show that Canada’s economy grew by 1.2% on a monthly basis in August 2020, representing a...

Canadian Jobs Report Was Good, Yet USDCAD Only Dipped Mildly: Why?

Forex

·Jul 10, 2020, 14:45 BST

USDCAD fails to show major response to upbeat Canadian jobs data. Sign up to find out why.

USD/CAD Rise to 52-Week Highs and Why High Oil Price Won’t Save The Loonie

Forex

·Oct 06, 2026, 10:32 BST

The USD/CAD currency pair has climbed sharply over the last month. It started around 1.38 in early September, then hit...

USDCAD Approaches the 1.3186 Key Support Area

Forex

·Aug 17, 2020, 15:32 BST

USDCAD after a short break on Friday, today resumed the downtrend threatening for on more time a break below the 1.32 mark. After a slow start today the pressure to USD accelerated after a big miss in NY Empire State Manufacturing Index

USDCAD: Canadian dollar bounces back as crude oil price surges

Forex

·May 18, 2020, 14:42 BST

The USDCAD pair declined today as the market reacted to the surging crude oil price. The pair dropped to an intraday low of 1.4000 as the Canadian dollar continued to surge. The CAD also gained against other peers like the British pound and euro.

USD/CAD Forecast: Loonie Smoked Ahead of BoC Decision

Forex

·Dec 06, 2022, 03:07 GMT

The USD/CAD rose to the highest point since November 30 as investors waited for the upcoming interest rate decision by...

Why is the USD/CAD Rising Today Along With Consumer Inflation? Here’s Why

Forex

·Jul 13, 2021, 14:24 BST

The USD/CAD is trading higher today and has maintained the intraday bullishness after the US Bureau of Labor Statistics reported...

USDCAD: Loonie Posts 17-day High Against the Greenback as Hurricane Delta Strengthens

Forex

·Oct 08, 2020, 18:46 BST

The USDCAD resumed the downward move today, hitting the lowest level since September 21 after oil prices rose on the...

USDCAD Rebounds As Crude Oil Slumps to 17-Year Lows

Forex

·Mar 30, 2020, 14:06 BST

USDCAD turned sharply higher today snapping a four day advance, as the crude oil slumped to 17-year lows, while Fed’s unlimited QE support USD. The Bank of Canada

USDCAD Poised for a Breakout as Crude Oil Price Gains Momentum?

Forex

·Apr 06, 2020, 19:00 BST

USDCAD has been trading in a symmetrical triangle as of late. This means that the currency pair would soon be due for a breakout. Will the ongoing talks between Saudi Arabia and Russia on oil production cuts trigger a downside break?

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