USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.
The Canadian Dollar gained with government bond yields. Might USD/CAD find its way to current 2020 lows? Canada’s benchmark stock index, the TSX Composite, faces the March high.Get your $USDCAD market update from @ddubrovskyFX here:https://t.co/0Ba8E2S7vC https://t.co/JLUTzF6xlY
Here is a chart from my article last night (https://fxnews.org/?/forex/video/daily_news_report/2020/08/14/SP-500-May-Earn-a-Record-High-but-Not-a-Trend-USDCAD-is-Event-Heavy.html) of one underlying fundamental theme that can keep $EURUSD bearing higher if Congress doesn't land on more stimulus: https://t.co/gyPhZh0sp2
Between the US and Canadian data (US retail sales, ind prod, UofM sentiment, Canadian mfg sales), $USDCAD may be the most data-potential Dollar cross for Friday. Clear range, spot relative to 200 DMA lowest since Fed 2018 https://t.co/BAO3FfX8pw
While the Dollar is under pressure, most USD pairs are still abiding recent congestion. $USDCAD is an exception, tentatively slipping a trendline support going back to 2012. That said, it is unlikely just one Dollar pair will run while others range https://t.co/tZLVa4gJNp
What has lately been driving $USDCAD lower and could recent price action pave the way for a retest of current 2020 lows?Will the #TSX Composite rally in tandem?https://fxnews.org/?/forex/fundamental/us_dollar_index/daily_dollar/2020/08/13/Canadian-Dollar-Forecast-Bond-Yields-Sink-USDCAD-TSX-Eyes-March-High.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/Hk9somQYWD
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