USD/CAD is trading lower as investors eye Wednesday’s BoC interest rate decision. The central bank is expected to leave interest...
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
The USD/CAD resumed its push lower after a day of respite, as risk-on sentiment held sway in the markets on...
USD/CAD is on a decline ahead of data from the US and Canadian housing industry. The Canadian economy has been...
The USD/CAD has lost all intraday gains after the loonie got a shot in the arm from the stellar employment...
USD/CAD rallying has eased following the sideways movement of crude oil price. The Canadian dollar is a commodity currency whose...
Following the dip in crude oil prices on the day, the USD/CAD has retained upside momentum ahead of the FOMC...
USD/CAD is consolidating as investors await Canada’s GDP numbers later in the day. The pair is down by 0.06% at...
USD/CAD is rising ahead of Canada’s core retail sales data. After hitting a low of $1.2369, the pair rose to...
The USD/CAD slumped to multi-year lows on Friday, after a stellar Canadian employment report helped cement a strong weekly close...
The USD/CAD price declined slightly ahead of the latest Canadian jobs numbers set for later today. The pair is trading...