USD/CAD is trading sideways at around 1.2500 as investors await the US nonfarm payrolls and Canadian employment data. The US...
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 Loonie took a massive hit this Wednesday as risk aversion took hold of the markets shortly before the onset...
USD/CAD displays signs of relief after correcting for three consecutive days. Last week, the currency pair fell 0.33% after a...
The Bank of Canada kept rates unchanged at 1.75% as widely expected by markets. Bank Of Canada Governor Poloz will...
USDCAD trades 0.38% lower at 1.3285 after Bank of Canada left interest rates unchanged at 1.75% as widely expected by...
The USD/CAD pair declined sharply as traders ignored the slumping crude oil prices and focused the weaker dollar.
The US Dollar lost ground in the late New York session after the Federal Open Market Committee (FOMC) of the...
The Canadian employment data features on Friday at 1.15pm, and is composed of the Employment Change and Unemployment Rate figures...
Earlier today, the Loonie strengthened against the greenback as Canada’s 10-year bond yield surged to 13-month highs at 1.481%. This...
USD/CAD has eased after dropping from C$1.2288 to C$1.2142 in the previous session. The rising risk appetite, coupled with lower-than-expected...