USDCAD continues lower for the second day in a row despite the fact that the US Durable Goods Orders 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
USDCAD trades higher after the two day’s correction from the four-year highs as the FED stepped in with aggressive measures...
The retracement witnessed on Friday on the USDCAD seems to have stalled after downbeat Canadian core retail sales data hit...
USDCAD makes fresh four-year highs as the demand for US dollars continue across the board. The global sell-off amid the...
USDCAD returns to positive territory after a weak start as the crude oil price gives up gains that were almost...
USDCAD is under selling pressure today as the crude oil price rebound from yesterday’s heavy losses and as of writing...
USDCAD opened today’s trading with a 134-pip weekend gap following news of an oil price war. The currency pair opened...
The Canadian Dollar is not having the best of times. The coronavirus outbreak in China has shuttered factories in that...
The USDCAD is trading higher after the Bank of Canada (BoC) cut interest rates by 50pbs this afternoon, citing weakening...
Later today, the Bank of Canada (BOC) will announce its interest rate decision. Scheduled at 3:00 pm GMT, the central...