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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

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Forex

·Jan 26, 2022, 07:22 GMT

USD/CAD Forex Signal Ahead of the BOC and Fed Decisions

The USD/CAD pair will be in the spotlight on Wednesday as the Federal Reserve and the Bank of Canada (BOC)...

Forex

·Nov 15, 2021, 17:52 GMT

USD/CAD Outlook: Loonie Gains as BoC Chief Says Time for Rate Increases Is “Getting Closer”

The USD/CAD continues to trade lower for the second straight day despite a drop in crude oil prices. The demand...

Forex

·Oct 08, 2021, 14:30 BST

USD/CAD: 1.2500 in Danger As Canadian Employment Beats US Jobs Data

The USD/CAD is the subject of focus for those trading the joint employment data release from the US and Canada. ...

Forex

·Aug 18, 2021, 15:22 BST

USD/CAD: FOMC Minutes Holds the Key to Near-term Price Action

Hotter-than-expected consumer inflation data did very little to prop up the Canadian Dollar, which continues to face some headwinds from...

Forex

·Aug 06, 2021, 17:26 BST

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

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

Forex

·Aug 06, 2021, 05:06 BST

USD/CAD Forecast: Head-and-Shoulder Pattern Hints at Probable Losses

USD/CAD is trading sideways at around 1.2500 as investors await the US nonfarm payrolls and Canadian employment data. The US...

Forex

·Aug 03, 2021, 14:53 BST

USD/CAD: Key Levels to Watch as Crude Oil Breaks the $70 Support

USD/CAD is on a rebound amid the declining crude oil prices. For the past one-and-a-half weeks, crude oil prices have...

Forex

·Aug 02, 2021, 17:43 BST

USD/CAD Could Climb to 1.26 As Crude Oil Prices Falter

A sharp decline in crude oil prices on Monday has led to a two-day rise in the USD/CAD. This scenario...

Forex

·Jul 28, 2021, 10:08 BST

USD/CAD Forecast Ahead of the Canadian Inflation Data

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

Forex

·Jul 14, 2021, 12:44 BST

USD/CAD: What to Expect in Light of the BoC Interest Rate Decision

USD/CAD is trading sideways as investors eye the BoC interest rate decision scheduled for later in the day. The central...