USD/CAD refers to the US Dollar/Canadian Dollar currency pair and it shows how many CAD can be purchased for one USD....
Informally, the CAD is known as the Loonie, because of the loon bird which appears on one side of the Canadian $1 coin. USD/CAD is one of the most liquid, commonly traded major currency pairs, which means narrow spreads for traders. There are a variety of factors influencing the value of USD/CAD. One of the most significant of these is that the CAD is a commodity currency, meaning that its value is closely correlated to the value of a heavily traded commodity. The Canadian economy is strongly reliant on crude oil exports, so the currency will be impacted by oil prices and export capacity. In addition, the value of both currencies in the USD/CAD pair are influenced by the interest rate differential between the American Federal Reserve and the Bank of Canada. For example, an intervention by the Fed that strengthened the US dollar would weaken the Canadian dollar since more CAD would be required to buy a single USD dollar. It is also important to note that the Canadian dollar is one of the five major reserve currencies, meaning that many central banks and other leading financial institutions hold large amounts of CAD to use for international transactions as a way to minimize exposure to exchange rate risks.
Most Recent
USD/CAD declines as trade tensions cool, but strong US rates and Canadian economic struggles may set up a buy-on-the-dip opportunity near key support.
USD/CAD experienced sharp volatility as tariff concerns spiked before easing after Canada secured a one-month delay, with traders now watching key support levels.
USD/CAD remains bullish amid U.S. tariff threats and Canadian political uncertainty, with key support at 1.43 and upside potential toward 1.4750.
Top Forex Brokers
USD/CAD stays in consolidation, with 1.45 as key resistance and 1.43 as support, as traders assess U.S.-Canada trade risks and central bank divergence.
The US dollar continues to strengthen against the Canadian dollar after the Bank of Canada cut rates while the Federal Reserve maintained a hawkish stance.
The USD/CAD pair finds support at 1.4350 as traders eye Canadian economic challenges and upcoming central bank decisions, with bullish momentum favoring the US dollar.
USD/CAD: With the threat of tariffs on Canadian goods and government uncertainty, the Canadian dollar is on the back foot and any pullback will likely see a lot of support near the 1.4350 level
USD/CAD: Volatility as Trump threatens tariffs, and the political situation remains uncertain making Canada untenable for investment
The US dollar rallied fairly significantly during the trading session on Thursday, but you can see we are giving back a little bit at the end of the session.
Bonuses & Promotions
The US dollar fell against the Canadian dollar during the trading session on Wednesday after the CPI numbers came out much lower than anticipated, reading 0.23% instead of 0.3% month over month in the United States
USD/CAD consolidates within a bullish trend, holding key levels as rising US yields and market dynamics influence potential upward movement.
The US economy added 265,000 jobs in December, surpassing expectations, which boosted interest rate expectations and impacted FX markets.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.
Friday's trading session for USDCAD could see heightened volatility with key employment data releases, marking a pivotal moment for the currency pair.
The US dollar continues its upward trend against the Canadian dollar, supported by US economic optimism and Canadian political uncertainty, as the pair eyes the 1.45 level.
USD/CAD experiences volatility but resumes uptrend, targeting 1.45 as U.S. dollar strength persists and Canadian political uncertainty looms.