The Bank of Canada and the Canadian Dollar will come into focus on January 22, when the Canadian central bank...
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
The USDCAD is trading lower intraday as the generally positive outlook painted by the Bank of Canada (BoC) in its...
The Canadian employment data just released shows that the Canadian unemployment rate has dropped to 5.6% (consensus: 5.8%), with a...
USDCAD trades 0.19% higher at 1.3064 helped by better Initial jobless claims data. The U.S. Initial Jobless Claims came in...
The Canadian employment data features on Friday at 1.15pm, and is composed of the Employment Change and Unemployment Rate figures...
USDCAD rebounds strongly today adding 0.30% at 1.3002 as the USD recovers across the board helped by better fundamental data...
Next week is the first full week of trading for 2020. There are quite a handful of reports due for...
USDCAD trades 0.13% higher at 1.2991 as the USD recovers from steep losses during the last trading session of 2019....
USDCAD is under selling pressure for the third trading session in a row amid USD weakness across the board. The...
USDCAD trades higher for the fourth day in a row in quiet trading ahead of the Christmas holidays. The pair...