USDCAD trades 0.22% higher at 1.3266 despite worse than expected ISM Manufacturing PMI; the figure came in at 47.8 below...
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
Traders will be busy today as we expect a full bag of data from both sides of the Atlantic. In...
The CFTC has released its latest Commitment of Traders report, for the week ended September 24. This report shows some...
The USDCAD is trading higher on the day on the back of weaker crude oil prices and a firmer US...
Some key economic indicators and news events are expected this week, and these are the ones to tick off on...
USDCAD trades 0.13% higher at 1.3276 after the pair rejected for one more time at 1.33. USDCAD jumped to 1.33...
USDCAD trades 0.18% lower at 1.3264 dropping from three-week highs, after Canada ADP Employment Change came in at 49.3K topping...
USDCAD trades 0.07% higher at 1.3252 as traders turn their attention to the Fed decision later today. On the macro...
The Canadian Dollar is under pressure as the price of crude oil has fallen to intraday lows of $59.32. The...
In the aftermath of the weekend drone attacks on Saudi Aramco’s facilities which cut Saudi oil production in half, US...