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: 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.

USD/CAD Forecast Ahead of the Canadian Inflation Data

Forex

·Jul 28, 2021, 10:08 BST

USD/CAD remains range-bound ahead of the Canadian inflation data. Over the past week, crude oil price’s sideways trading has supported...

USD/CAD Hits Multi-year Lows Below 1.2500 On Stellar Canadian Employment Numbers

Forex

·Mar 15, 2021, 00:28 GMT

The USD/CAD slumped to multi-year lows on Friday, after a stellar Canadian employment report helped cement a strong weekly close...

USD/CAD Remains Under Pressure After Higher Crude Oil Draw

Forex

·Jun 03, 2021, 03:49 BST

USD/CAD is trading higher, even as it remains on a downtrend. As a commodity currency, the Canadian dollar has been...

USD/CAD Outlook: Greenback Outpoints the Loonie in the Battle of Employment Reports

Forex

·Aug 06, 2021, 17:26 BST

The USD/CAD is up 0.53% on the day after the jobs reports of both neighbours showed contrasting fortunes. The US...

USD/CAD Sharply Lower As BoC Tapers Weekly QE Purchases to C$3 billion

Forex

·Apr 21, 2021, 15:36 BST

The Bank of Canada (BoC) has just announced its interest rate decision, leaving the key rate unchanged at 0.25% at...

USDCAD in Focus As Bank of Canada (Boc) Readies Rate Decision

Forex

·Jul 14, 2020, 17:29 BST

USD/CAD Forecast: H&S Forms Ahead of US CPI Data

Forex

·Nov 10, 2022, 06:00 GMT

The USD/CAD price pulled back slightly on Thursday as investors waited for the upcoming American consumer inflation data. It rose...

USD/CAD Forecast: Implications of the US and Canadian House Starts

Forex

·Apr 16, 2021, 10:35 BST

USD/CAD is on a decline ahead of data from the US and Canadian housing industry. The Canadian economy has been...

USDCAD Selling Pressure Accelerates Below the 200-Day SMA

Forex

·Jun 08, 2020, 15:42 BST

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

USDCAD Pares Gains On Crude Oil Strength

Forex

·Apr 08, 2020, 14:46 BST

USDCAD trades 0.31% higher at 1.4035 after the Canadian Building Permits declined by 7.3% in February, below the forecasts of -4.5% while the Housing Starts came in at 195K beating the expectations of 180K in March.