USDCAD adds 0.07% at 1.3289, in quiet trading as US markets are closed for Thanksgiving. Statistics Canada reported that Canada's
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
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USDCAD adds 0.05% at 1.3305 but off the daily highs after the United States Wholesale Inventories came in at 0.2%...
The Canadian Retail Sales figure showed a drop in September by 0.1%, which was lower than the previous figure that...
The Canadian dollar was the only one among the major currencies that posted a win against the US dollar yesterday. USDCAD was testing resistance around its weekly highs at 1.3323 when the currency pair dropped over 50 pips to an intraday low of 1.3268. By the day’s close, USDCAD was down 17 pips at 1.3282.
USDCAD adds 0.18% at 1.3290 but off the daily highs after the Canada Consumer Price Index (month over month) came...
USDCAD trades slightly higher after Friday’s sharp correction from 1.3251 as a result of macro data from US that pressured USD across the board. The US retail sales for October registered at 0.3% above forecasts of 0.2%; the Retail Sales Control Group came in at 0.3% in line with analysts forecasts. The Empire Manufacturing for November came in at 2.90, below expectations of 6.00.
USDCAD retreats today breaking a five-day streak after mixed macro data from US. The US advance retail sales for October...
USDCAD retreated from its monthly highs ahead of Bank of Canada (BOC) Governor Stephen Poloz’ speech. Earlier today, the central...
USDCAD continues higher for fifth day in a row adding 0.12% at 1.3266, at daily highs after US Producer Price...
USDCAD trades 0.24% higher at 1.3263, making fresh monthly highs after US Consumer Price Index (month over month) came in...