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: Canadian dollar bounces back as crude oil price surges

The USDCAD pair declined today as the market reacted to the surging crude oil price. The pair dropped to an intraday low of 1.4000 as the Canadian dollar continued to surge. The CAD also gained against other peers like the British pound and euro.

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USDCAD

USDCAD Seesaws Around The 50-Day MA

USDCAD returns to the unchanged level after a 100 pips daily trading range. The talk of the day was the U.S. Consumer Price Index (CPI) which came in at -0.8%

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USDCAD

USDCAD slides as US and Canadian trade deficits widen

The USDCAD pair declined today as the market reacted to the trade data from the US and Canada. The pair also dropped because of the overall strength of the US dollar. US trade deficit soars in March Data from the Bureau of Economic Analysis (BEA) showed that the US trade [...]
USDCAD

USDCAD Seesaws After Weak Canadian GDP Data

USDCAD is hovering around the unchanged level as investors receiving negative economic news from the USA and Canada. Canadian dollar pressured by weak GDP data for February. The GDP came in at 2.1% below the expectations of 2.2%. The January reading was at 1.8%. Canada's economy is expected to contract [...]