USDCAD accelerate the upward move during US session as crude oil prices sink over 3 percent down to 55 dollars...
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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Crude oil prices fell below $55 today, causing a weakening of the Canadian Dollar. In yesterday’s piece, the USDCAD resistance...
Canadian CPI came in at 2.0%, which matched the consensus figures. This result did not produce the required deviations which...
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The Bank of Canada kept rates unchanged earlier this week at 1.75% as widely expected by markets. USDCAD hit fresh...
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The Bank of Canada kept rates unchanged yesterday at 1.75% as widely expected by markets. USDCAD trading close to daily...
The Bank of Canada kept rates unchanged at 1.75% as widely expected by markets. Bank Of Canada Governor Poloz will...
Canada Housing Starts s.a Year over Year, came in at 245.7K, eating forecasts. The Building Permits, Month over Month, came...