USDCAD gives up early gains after a surprising interest rate cut by Federal Reserve. The Fed cut the interest rates...
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
We saw very few top-tier economic data and central bank events released this past week but the next one is...
Upbeat Canadian GDP data released a few minutes ago by Statistics Canada has allowed the Canadian Dollar to gain a...
USDCAD trades 0.27% higher at 1.3366, amid the crude oil sell-off and the risk-off mood (reflected by weaker equities) have...
USDCAD trades 0.12% lower at 1.3278, as the pair retreat from two week-highs. USD safe-haven status attracted bids yesterday up...
The USDCAD is virtually unmoved at 1.32577 as at the time of writing as retail sales data released by Statistics...
The USDCAD is modestly lower on the day after data showed that the Canadian CPI rose to 0.3%, which was...
USDCAD trades 0.14% lower at 1.3248, as the pair correction from two month-highs continues for fourth consecutive trading session. Retail...
At 1.30 pm UTC, the US consumer inflation data (US CPI and Core CPI) will hit the markets. The expectation...
Recent reports from China about the rise in coronavirus cases has shifted the market’s attention away from central bank speeches....