USD/CAD is on a bullish consolidation pattern ahead of the highly anticipated NFP data. Analysts expect an addition of 700,000...
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
USD/CAD has extended gains from the previous session ahead of the weekly US oil inventories data and OPEC+ meeting. At...
USD/CAD is on a decline ahead of the Canadian CPI data. Analysts expect consumer prices to have risen by 0.4%...
USD/CAD has reversed its prior gains ahead of the BoC interest rate decision. According to the Bank of America, the...
The Bank of Canada (BOC) is the first central bank to announce its monetary policy decision this week. The other...
USD/CAD remains under pressure even as it started the new week in the green. As a key commodity currency, the...
The USD/CAD’s response to the employment data on both sides of the northernmost North American border was a case of...
USD/CAD is trading higher, even as it remains on a downtrend. As a commodity currency, the Canadian dollar has been...
The USD/CAD is trading higher on the day as the loonie returned some of the past few days’ gains. This...
One of the weakest currency pairs during the pandemic, the USD/CAD, found strong support at the 1.20 area. While not...