At 1.30pm GMT, the Canadian GDP data (monthly) will be released to the markets and may have some effect on...
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 higher this Friday after downbeat Canadian Retail Sales data hit the newswires. The Canada Retail Sales...
USDCAD trades in thin trading range today while it gives up some pips after dismal economic data from U.S. As...
The USDCAD is trading virtually unchanged at 1.3139 as the Canadian CPI (monthly) figure came in at -0.1%, which was...
USDCAD hit today new seven-week lows as the risk appetite has returned to the forex market, after the Phase One...
USDCAD trades 0.09 lower at 1.3218 making daily low after the U.S. November CPI came in at 2.1% above forecasts...
USDCAD consolidates around the 100-day moving average after the strong rebound last Friday from monthly lows boosted by strong NFP...
USDCAD rebounds sharply from daily lows and adds over 60 pips after stronger than expected NFP data. The United States...
USDCAD slumps to daily low giving up over 50 pips after the Bank Of Canada kept it’s benchmark interest rates...
USDCAD gives up 0.17% at 1.3272, close to daily low in quiet trading as traders await the Bank Of Canada...