USDCAD trades 0.40% higher at 1.3226, making fresh daily high after Canada Net Change in Employment came in at -1.8K...
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 0.11% higher at 1.3152, close to daily high despite the jump in crude oil prices that reached the...
USDCAD trades 0.23% higher at 1.3193, hitting the daily high after strong NFP data. United States Nonfarm Payrolls came in...
The USDCAD held steady above 1.3150 on softer-than-expected Canadian GDP data for August. Canadian GDP data showed a 0.1% increase;...
The Federal Open Market Committee (FOMC) lowered the Federal Funds Rate from 2% to 1.75% in an interest rate decision...
The USDCAD soared more than 80 pips this afternoon after the Bank of Canada (BoC) issued a dovish rate statement...
USDCAD trades 0.49% higher at 1.3149, hitting the daily high after the Bank of Canada held interest rates unchanged at...
USDCAD trades 0.03% higher at 1.3055 close to three-month lows as the crude oil prices rallied to monthly highs and...
USDCAD has hit the fresh 3-month low of $1.3049 today on the improved risk appetite and higher oil prices. The...
USDCAD has bounced off of the multi-month lows on the stronger-than-expected US Marking Manufacturing PMI, which came at 51.5, compared...