The CFTC has released its latest Commitment of Traders report, for the week ended September 24. This report shows some...
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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Recent reports from China about the rise in coronavirus cases has shifted the market’s attention away from central bank speeches....
USDCAD continues lower for the second day in a row despite the fact that the US Durable Goods Orders increased...
Some key economic indicators and news events are expected this week, and these are the ones to tick off on...
USDCAD hits the lowest level since early March after Federal Reserve kept rates unchanged at 0% to 0.25% by unanimous vote, and will stay at those levels until the economy achieve the employment and stability targets.
The Federal Open Market Committee (FOMC) lowered the Federal Funds Rate from 2% to 1.75% in an interest rate decision...
Traders will be busy today as we expect a full bag of data from both sides of the Atlantic. In...
Traders will closely watch today the PMI’s composite and services from around Europe. France June final services, composite PMI will...
On Tuesday, GBP/USD had a strong surge as the dollar weakened against the major global currencies. Consequently, the British pound...
The Canadian Retail Sales figure showed a drop in September by 0.1%, which was lower than the previous figure that...