Chart of price change USD/CAD
Currency pair USDCAD includes two currencies: US dollar and Canadian dollar. This pair is included in the top ten pairs in the Forex market. USD is the most known world currency, which is subject to the comprehensive influence of various factors, keep track of which is not the easiest task. Therefore, it is necessary to use Forex calendar more precisely to predict changes of dollar price. CAD is a commodity currency, which is subjected to a great influence of oil. Therefore, to foresee a change of this currency rate rather simply. Usually, this couple is chosen by traders who trade on the news and have the opportunity to learn how the oil prices change timely.
Economic news
The Canadian dollar is forecast to extend its recovery against its U.S. counterpart in the coming year as lower borrowing costs bolster economic gr...
Monthly CPI (Australia): CPI rose 3.8% YoY to June 2024, down from 4% in May. Key driver: easing transport costs (4.2% vs. 4.9% in May). BOJ Intere...
German Prelim CPI m/m: Germany’s inflation rate came in at 2.3% YoY, following a provisional CPI increase of 0.3% MoM. The Harmonised I...
The personal consumption expenditures (PCE) price index nudged up 0.1% last month after being unchanged in May. Consumer spending slowed a bit last...
Winners vs Losers USDCAD remains on the top of the week’s list with 0.72% gains. The EURGBP follows as the EUR gains ground against the GBP a...
The Bank of Canada (BoC) decided to cut its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5% and said more r...
Winners vs Losers XAUUSD reached the top of the week’s list with 0.6% gains. It also leads for the month with 3.87% gains. The U.S. Dollar is...
Winners vs Losers USDCAD remains on the top for this week with 0.4% gains. Gold this month is leading with 2.94% gains. The USD remains barely affe...
Brokers' Analytics
The US consumer price index at last year’s level and the rest of the fundamental data package may further drive the USDCAD pair. Discover more in our analysis for 11 September ...
The USDCAD pair has been on an upward trend. The Canadian dollar is pressured by weak forecasts for commodity exports and currency inflows. Discover more in our analysis fo...
Here is a detailed weekly technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 2-6 September 2024. EURUSD forecast The EU...
The USDCAD rate has declined for the fourth consecutive session, with buyers holding the rate above the key 1.3600 support level. Find out more in our analysis dated 21 Aug...
Here is a detailed forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCHF, NZDUSD, and USDCAD for 19-23 August 2024 EURUSD forecast The EURUSD pair has declined to 1.0949, wit...
The USDCAD rate is declining on Wednesday following a protracted rise amid expectations of the Federal Reserve’s decision and falling oil prices. Find out more in our...
The USDCAD pair continues to rise following a reduction in Canadian interest rates. Positive US data may cause the Canadian dollar to lose ground further. Find out more in our analys...
The USDCAD pair started to rise amid expectations of the Bank of Canada’s business outlook survey. The Canadian dollar may continue to lose ground. USDCAD trading key poin...
Using a currency pair USDCAD in trading, it will be useful for a trader to watch the behavior of such trading instruments as EURUSD, GBPUSD and USDJPY. As it is possible to call these trading instruments, indicators of USDCAD pair price movement as their change influences the national currency rate of Canada.
Trading this currency pair, it is worth paying attention to already accurately created levels, which are a reference point for traders when carrying out the analysis. Similar historical levels serve the trader as the good help for determination of points of the opening of an order. It should be noted that active rate movement on this currency pair is reached at the American trading session, it is caused by that Canada and the United States of America live practically on one time and between them are established rather close commercial ties.