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


USDCAD News

USDCAD

USDCAD Inches Towards 1.3300 On the Eve of US Election Day

The USDCAD pair extended the decline from Friday as the greenback saw fresh supply that led to a 100-pip drop in the London session.  This move has been prompted by increasing uncertainty about the outcome of the US Election, which concludes tomorrow with the physical vote. Many polls show Democratic […]

USDCAD

USDCAD: Bank of Canada (BOC) Interest Rate Decision Preview

The USDCAD price is relatively calm today as traders wait for the outcome of the ongoing Bank of Canada (BOC) interest rate decision. The pair is trading at 1.3186, which is slightly higher than yesterday’s low of 1.3142. Bank of Canada preview The Bank of Canada will release its interest...

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USDCAD bank of canada

USDCAD: Will the Bank of Canada Move on Interest Rates?

The USDCAD could see volatility this week as the Bank of Canada meets to share its latest interest rate announcement. The BoC currently has rates at 0.25%, which is higher than many other developed nations and a surprise cut cannot be ruled out.

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