The Canadian GDP data has just been released to the markets. It came in at 0.2%, which was a tad...
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 0.09% higher at 1.3293 despite higher oil prices. The United States EIA Crude Oil Stocks Change came in...
July’s Canadian Retail Sales came in at 0%, which was marginally better than the -0.1% market consensus figure. The Core...
Canada’s Core Consumer Price Index for the month of July registered at 0.5%, which was better than the 0.1% that...
USDCAD trades 0.34% lower at 1.3269 Canada Consumer Price Index (year over year) came in at 2% topping expectations of...
USDCAD trades 0.14% higher at 1.3340 making fresh two month highs amid USD strength across the board. Manufacturing sales in...
USDCAD trades 0.02% higher at 1.3264 as the pair continues trapped between the 50 and 100 day moving averages. The...
USDCAD trades 0.02% lower at 1.3227 as the pair looks trapped between the 50 and 100 day moving averages. The...
The US Core Consumer Price Index (CPI ex food and energy) for the month of July registered at 0.3%, which...
According to Statistics Canada, Canadian unemployment rose to 5.7% in July, which was higher than the market expectation of 5.5%....