USDCAD trades 0.03 percent higher at 1.3166 in positive momentum for sixth consecutive day, having the daily high at 1.3167...
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
At 12.30 UTC the Canadian Monthly GDP will be published. The market is expecting a contraction of the Canadian economy...
The USDCAD has had a muted response to the Canadian monthly GDP data as well as the ADP Employment Change...
USDCAD trades 0.22 percent higher at 1.3220 in positive momentum for second consecutive day, having the daily high at 1.3247...
The USDCAD will be in focus today at 12.30GMT as the Canadian Trade Balance is released. The expectation is for...
USDCAD trades almost unchanged today at 1.3210 as the pair struggles for third trading session in a row to close...
The Canadian Dollar hit an intraday low against the US Dollar as oil prices could not muster a significant overnight...
According to Statistics Canada, Canadian unemployment rose to 5.7% in July, which was higher than the market expectation of 5.5%....
The US Core Consumer Price Index (CPI ex food and energy) for the month of July registered at 0.3%, which...
USDCAD trades 0.02% lower at 1.3227 as the pair looks trapped between the 50 and 100 day moving averages. The...