USDCAD trades 0.37% lower at 1.3236 as traders turn their attention to commodity-linked currencies such as the CAD and NOK...
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
USDCAD trades 0.13% higher at 1.3210 rebounding from daily lows at 1.3209 after US monthly CPI came in at 0.1%...
USDCAD trades 0.05% higher at 1.3175 in consolidation mood after the correction from 3-month highs. In Canada, the Housing Starts...
USDCAD trades 0.17% lower at 1.3141 as correction continues after Bank of Canada left interest rates unchanged at 1.75% as...
The US and Canada Jobs reports were released simultaneously at 12.30pm GMT. Here is how the numbers played out. US...
USDCAD trades 0.29% lower at 1.3191 making fresh monthly lows, after United States Nonfarm Payrolls came in at 130K below...
The Bank of Canada today left interest rates unchanged at 1.75%. This was not a surprise, as the markets had...
USDCAD trades 0.38% lower at 1.3285 after Bank of Canada left interest rates unchanged at 1.75% as widely expected by...
Today is a big day for the Loonie, as two big news releases out of Canada will hit the markets....
USDCAD trades 0.17% higher at 1.3341 having hit the daily high at 1.3382 making two month highs, but retreat fast...