The story of the day has been the weakening of the US Dollar, heading into the 3rd straight day. This...
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 3 pm UTC, the Bank of Canada (BoC) will announce its interest rate decision. Markets expect the key interest...
The USD/CAD comes under the radar today for some reasons. Firstly, the bank of Canada is scheduled to make its...
The USDCAD is trading lower on the day after Reuters reported that the OPEC + alliance had decided to roll...
The USD/CAD pair is one of the hardest-hit pairs this 2021. The move higher in the crude oil price triggered...
Earlier today, the Loonie strengthened against the greenback as Canada’s 10-year bond yield surged to 13-month highs at 1.481%. This...
The Canadian Dollar has preserved its strength on the day despite the fall in Canadian retail sales for December 2020. ...
The USDCAD is currently trading lower after the Loonie gained on the greenback during the New York session. The Canadian...
The USDCAD pair is one of the dollar pairs that corrected the most since the last March dollar strength. From...
The USD/CAD has slumped to fresh weekly lows near 1.2650 after the greenback came under renewed selling pressure in the New...