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 USD/CAD pair is holding at key support as traders await FOMC commentary, with 1.39 acting as a major breakout point.
The US dollar declined against the Canadian dollar on Tuesday amid trade talk stagnation and pre-FOMC caution, with 1.39 remaining a key resistance level.
USD/CAD continues to trade sideways between 1.3700 and 1.4000, with traders awaiting a breakout for clarity amid tariff risks and post-election uncertainty.
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The US dollar is rebounding against the Canadian dollar as traders brace for the NFP report, with 1.40 and 1.3750 marking key breakout and support levels.
The USD/CAD currency pair remained largely rangebound during Monday’s trading session as Canadian national elections dominated headlines and created uncertainty.
The US dollar is attempting to find support near the key 1.3850 level against the Canadian dollar, with traders eyeing political shifts and tariff developments.
The US dollar rebounded against the Canadian dollar on Wednesday, testing key resistance at 1.3850 amid ongoing tariff tensions and Canadian election risk.
The US dollar continues to consolidate against the Canadian dollar around the 1.3850 level, with traders watching key technical levels and trade war developments for the next move.
The USD/CAD pair is showing signs of bottoming near 1.3850, with traders watching closely for a reversal amid tariff tensions and an oversold dollar.
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The US dollar is attempting to stabilize against the Canadian dollar near the 1.39 support zone, with trade tensions and technical levels influencing price action.
During the trading session on Wednesday, we have seen the US dollar dropped to the 1.39 region against the Canadian dollar, an area that’s been interesting multiple times in the past, and I do think that we are in the midst of trying to sort out whether or not the US dollar can find technical support here, or whether or not it continues to break down against the Loonie.
During the session on Thursday, we have seen the US dollar fall against almost everything, and the Canadian dollar was not any different.
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Sign up to get the latest market updates and free signals directly to your inbox.The US dollar bounced against the Canadian dollar Tuesday as global risk-off sentiment returned, supporting the greenback near key consolidation lows.
USD/CAD stabilizes ahead of the US tariff announcement, with political uncertainty in Canada creating a volatile but range-bound outlook—until 1.1450 breaks.
The USD/CAD pair remains directionless as traders weigh technical resistance against a backdrop of escalating trade tensions and Canada’s upcoming election.