USD/CAD is on a rebound amid rising US Treasury yields. Earlier in the day, the currency pair was on a...
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 is trading higher ahead of the Canadian inflation data. However, it remains on a prolonged downtrend. As a commodity...
The USD/CAD has had one of the strongest bearish trends during the pandemic. Fueled by a wild bounce in the...
USD/CAD has eased after dropping from C$1.2288 to C$1.2142 in the previous session. The rising risk appetite, coupled with lower-than-expected...
A combination of soft U.S. data and higher crude oil prices have pushed the USD/CAD to 3-year lows this Wednesday....
USD/CAD has declined further ahead of the Canadian GDP data. Analysts expect a reading of 0.5% MoM compared to January’s...
The US Dollar lost ground in the late New York session after the Federal Open Market Committee (FOMC) of the...
USD/CAD is on a consolidation pattern as investors look for further cues from the Fed interest rate decision and Canada’s...
USD/CAD has declined further as investors digest Wednesday’s BoC interest rate decision. As was expected, the bank retained interest rates...
The Bank of Canada (BoC) has just announced its interest rate decision, leaving the key rate unchanged at 0.25% at...