USD/CAD (USDCAD) is one of the pairs that have performed quite well in 2023. Although the pair has been trading...
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
USD/CAD (USDCAD) pair is showing good strength amid the strengthening dollar. The DXY index tracks US dollar in comparison to...
The USD/CAD exchange rate has been punched in the face ahead of the first interest rate decision by the Bank...
The USD/CAD exchange rate pulled back slightly on Wednesday ahead of the upcoming American consumer inflation data scheduled for Thursday....
The forex market will be in a relatively calm mood this week as investors focus on the recent central bank...
The USD/CAD rose to the highest point since November 30 as investors waited for the upcoming interest rate decision by...
The USD/CAD price remained in a tight range on Friday as investors reflected on the recent inflation numbers from the...
The USD/CAD price pulled back slightly on Thursday as investors waited for the upcoming American consumer inflation data. It rose...
The USD/CAD remained in a consolidation phase as investors waited for the upcoming Canada inflation data. It was trading at...
The USD/CAD price pulled back this week as the US dollar strength waned. It dropped to a low of 1.3571,...