The USD/CAD is trading lower this Tuesday but has pared some of its earlier session losses. The US Dollar Index...
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 USD/CAD has extended the earlier gains of the day following the decision of the Federal Open Market Committee (FOMC)...
The USD/CAD is trading 0.34% higher after generally positive US data lifted the greenback over the Loonie this Thursday. A...
The USD/CAD price continued its bullish trend on Wednesday morning as investors reacted on the strong US dollar and the...
The USD/CAD pair has surrendered all its earlier gains of the day and now trades a tad lower after rising...
Weak Chinese economic data has brought safe-haven demand into the FX market, putting the US Dollar on bid and undermining...
The USD/CAD has reversed all Friday’s gains and is now trading 0.64% lower after FX market participants priced in a...
The USD/CAD is trading higher today after reversing initial losses earlier in the London session. The New York session has...
The USD/CAD price has come under pressure in the past few weeks as investors reflect on the actions of the...
The USD/CAD price formed a hammer pattern last week as investors focused on the soaring Canada inflation data. As a...