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.
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The US dollar has rallied a bit during the trading session on Thursday against the Canadian dollar as we continue to just go back and forth.
The USD/CAD pair remains range-bound below 1.45 as traders await tariff resolutions and assess economic pressures in Canada.
The USD/CAD pair remains volatile, testing the 1.45 resistance level as trade tensions persist, with short-term pullbacks likely presenting buying opportunities.
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The US dollar finds support at 1.43 against the Canadian dollar after a sharp drop, with technical levels suggesting a possible recovery toward 1.44 or higher.
The US dollar sees volatile swings against the Canadian dollar as traders assess tariff impacts and recession risks, with key levels at 1.43 support and 1.45 resistance.
USD/CAD bounces as the Canadian dollar weakens, with tariffs and economic uncertainty driving the pair higher despite broader US dollar weakness.
The USD/CAD fell slightly on Monday, but buyers remain active near 1.44, with additional support at 1.43.
USD/CAD rallies sharply despite Trump's tariff extension, with 1.45 as key resistance and 1.43 potentially acting as support on any short-term pullback.
USD/CAD gains as trade tensions rise. Buy signal at 1.4320, target 1.45. Full analysis and key levels.
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USD/CAD rallied on Friday, holding near 1.42 as traders assess interest rate differentials and potential upside toward 1.43 and 1.45.
USD/CAD remains range-bound near 1.42, with traders awaiting trade deal clarity and economic developments while the broader uptrend holds.
The US Dollar strengthened against the Canadian Dollar on Wednesday, hovering near 1.42 as traders assess tariff risks and monetary policy differences.
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Sign up to get the latest market updates and free signals directly to your inbox.USD/CAD stabilizes post-Presidents’ Day, with traders watching tariff developments and technical levels at 1.42 and 1.43 for market direction.
USD/CAD stabilizes near 1.42. A move above 1.43 could trigger bullish momentum, while a break below may test 1.40 support.
USD/CAD breaks below 1.42, with further downside toward 1.40 possible, but tariff risks and trade uncertainty keep traders cautious.