The Bank of Canada’s Business Outlook Survey for Q3 2019 was released a short while ago. The report indicated that...
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 has bounced solidly off its intraday lows after the Canadian Retails Sales report showed a surprising decrease of...
The Canada Core Retail Sales figure for the month of September 2019 is due for release today. Usually, two sets...
The 43rd Canada Federal Election holds today and it could have an impact on the USDCAD when voting is done...
USDCAD has broken below the major support of $1.3150, paving the way for more losses as Canadians head to the...
The USDCAD is now at a critical support level after a stellar performance by the Canadian Dollar this week. The...
The USDCAD slid about 30 pips as the Canadian Employment reports surprised the markets in a positive manner. The unemployment...
The Canadian Dollar pairs (USDCAD and EURCAD) are expected to be in focus as the Canadian Employment data will be...
USDCAD trades 0.03% higher at 1.3310. USDCAD boosted last Thursday by worse than expected GDP data; the Canada Gross Domestic...
USDCAD trades 0.08% higher at 1.3332 despite the Challenger Job Cuts from the US dipped from previous 53.5K to 41.5K...