USDCAD continues higher for the third consecutive session as the risk appetite fades away amid rising fears of a second...
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 retreat on Monday as the crude oil price managed to reverse the Asian session losses, and despite the better economic data from the USA.
The USDCAD pair was little changed today partly due to a stronger dollar, lower oil prices, and weak Canadian inflation data. The pair is trading at 1.3540, which is higher than this month’s low of 1.3315.
USDCAD trades higher, making two-week highs as investors looking for cover in safe-haven USD. Fears for the second wave of...
USDCAD retreat today after yesterday’s sharp gains as the risk-off sentiment returns to markets. The Canadian dollar was under severe...
USDCAD hits the lowest level since early March after Federal Reserve kept rates unchanged at 0% to 0.25% by unanimous vote, and will stay at those levels until the economy achieve the employment and stability targets.
USDCAD continues it’s trip south as investors continue to dump U.S. dollar as they are shifting their attention to more risky assets. The improvement in sentiment boosts Canadian dollar, which is also helped by the rally in crude oil price
The USDCAD continued its downtrend, closing the March 9 price gap on the daily chart as a double dose of...
The Canada Employment change will be released at the same time as the US Non-Farm Payrolls. Here are some ideas on how the numbers could play out and impact the USDCAD pair.
Hawkish statement from the BoC have been offset by the US ISM Non-manufacturing PMI data, causing a stall in the decline on the USDCAD.