USD to CAD Live Trading Room:
The USD/CAD currency pair tells the trader how many Canadian dollars (which would be the quote currency) are needed to purchase a U.S. dollar (in this case, the base currency of the currency pair). The USD/CAD currency pair is known as the “Loonie”. The nickname is derived from the picture of a loon, a distinctive bird that appears on one side of Canada’s gold-coloured, one dollar coin.
The USD/CAD is one of the so-called “commodity pairs”, together with AUD/USD, NZD/USD currency pairs, highly correlated to commodity fluctuations (especially oil).
Canada is known as a resource-based economy being a large producer and supplier of oil. Canada’s leading export market is by far the United States making its currency particularly sensitive to U.S. consumption data and economic health.
Assets that influence USD/CAD the most are:
In Canada, the people and organizations that influence the most the moves of the USD/CAD pair are:
In the USA, we have:
We should pay special attention to the Trade Account Balance, a balance between exports and total goods and services in terms of economic data. A positive value shows the trade surplus, while a negative value shows the trade deficit. This is an event that generates some volatility for the USD/CAD. Suppose a steady demand in exchange for Canadian Dollar exports is seen. In that case, that will turn into a positive growth in the US-Canada trade balance, which should be positive for the Canadian Dollar.
Inflation is another economic factor that is important for the USD/CAD pair. It is measured by the CPI (Consumer Price Index) and the PPI (Production Price Index). They are the key indicators to measure inflation and changes in purchasing trends.
The U.S. Dollar to Canadian Dollar charts update live and set to candlestick charts and 1-hour time frame. Use the live trading chart with the latest U.S. and Canadian news, and forex education, to trading on the USD/CAD currency pair.
Follow real-time the US Dollar to Euro rates:
USD/CAD trading signal from TradingView.com, based on 11 oscillators and 17 Moving Averages.