The US dollar has gone back and forth during the course of the trading session on Thursday as we continue to hang around the 1.35 level.
Technical Analysis
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
Technical Analysis
Technical Analysis
Technical Analysis
The US dollar initially fell a bit against the Canadian dollar during the trading session on Thursday but then turned around to show signs of strength as the CPI numbers in the United States came out a little hotter than anticipated.
Technical Analysis
The USD/CAD has climbed higher and is within sight of important mid-December resistance, but important inflation data will come from the U.S tomorrow.
Technical Analysis
Top Forex Brokers
The US dollar has rallied early against its northern neighbor, but there is still a significant amount of resistance at the 1.34 level in the Canadian dollar.
Technical Analysis
The USD/CAD has traded higher early this week as speculators have appeared to react nervously to the lows produced late last week.
Technical Analysis
The USD/CAD has initially fallen again during the trading session on Wednesday, but then turned around to show some signs of life around the 1.32 level.
Technical Analysis
Advertisement
The USD/CAD initially tried to rally a bit during the trading session on Wednesday but has found more selling pressure as the downtrend continues.
Technical Analysis
The USD/CAD continues to remain near important mid-term support levels and sustained lower prices may prove attractive to speculative bears.
Technical Analysis
The USD/CAD initially pulled back just a bit during the early hours on Tuesday but has turned around to show signs of life again.
Technical Analysis
Bonuses & Promotions
The Bank of Canada kept the Overnight Rate in place yesterday and the USD/CAD continued its higher near-term trajectory.
Technical Analysis
The US dollar initially fell against the Canadian dollar during trading on Wednesday session.
Technical Analysis
The USD/CAD remains within sight of lows created early yesterday, and important Canadian growth data today which may factor into the currency pair awaits.
Technical Analysis
Subscribe Sign up to get the latest market updates and free signals directly to your inbox. *By registering you agree to receive communications.
Please enter a valid email address
The USD/CAD is within the higher elements of its near-term range, but nervous conditions are evident as important U.S inflation statistics are on the schedule.
Technical Analysis
The USD/CAD is trading near the 1.38200 level and appears rather calm, but volatility could erupt today and tomorrow as Canadian and U.S data and rhetoric stir Forex.
Technical Analysis
The USD/CAD initially pulled back a bit during the early trading session on Wednesday, only to turn around and show strength near the 1.36 level.
Technical Analysis