USDCAD managed to rebound today after five consecutive straight losses amid broad USD strength. Positive outcome from G20 summit increased...
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
Today, the Canadian dollar is trading slightly lower on softer Crude oil prices following comments from the OPEC+ meeting. The...
Traders will closely watch today the PMI’s composite and services from around Europe. France June final services, composite PMI will...
USDJPY is giving up 0.21 percent at 107.66 as risk off mood returns to markets. Earlier today the BOJ policy...
USDCAD resumes the downward trend after the pair rejected on Monday at the weekly high at 1.3144 and today gives...
In the minutes following the release of the latest US and Canadian labor market report, the USDCAD was up by...
USDCAD resumes the downward trend at the beginning of the nw week revisiting the lows from October 2018.The pair hit...
Canada Housing Starts s.a Year over Year, came in at 245.7K, eating forecasts. The Building Permits, Month over Month, came...
The Bank of Canada kept rates unchanged at 1.75% as widely expected by markets. Bank Of Canada Governor Poloz will...
The Bank of Canada kept rates unchanged yesterday at 1.75% as widely expected by markets. USDCAD trading close to daily...