USD/CAD Exchange Rate Today, Forecast & News

USD/CAD
US Dollar - Canadian Dollar
Open
1.36224+0.00246 (+0.18%)
As of: May 17, 2024 00:47 UTC
Open
1.35979
High
1.36413
Low
1.35746

Stats

Prev. Close

1.35978

Open

1.35979

Day's Range

1.35746 - 1.36413

52 Week Range

1.30926 - 1.39030

YTD Change

2.81%

1 Year Change

1.07%

Economic CalendarAll Events

Time zone: GMT

Thursday, May 16th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:00	USD	Fed Barr Speech	Medium
14:30	USD	Fed Harker Speech	Medium
15:30	USD	Fed Mester Speech	Medium
19:50	USD	Fed Bostic Speech	Medium

Friday, May 17th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	CAD	New Housing Price Index MoMApr	Medium		0.0%	0%
12:30	CAD	New Housing Price Index YoYApr	Medium		-0.3%	-0.4%
14:15	USD	Fed Waller Speech	Medium

USD/CAD

The Canadian Dollar, also referred to as the Loonie, is referred to as a commodity currency. Both the value of the Loonie and Bank of Canada monetary policy are materially influenced by global commodity prices and the global economic outlook. While a commodity currency, the Loonie is also a benchmark currency, meaning that central banks globally hold Canadian Dollars as a reserve currency. The USD/CAD pairing is equal 5th most liquid pairing, accounting for 5% of total transaction volume in the FX markets. The Loonie is the 7th most traded currency in the world.

	Canada		United States
Interest Rate	5% Apr 24		5.5% May 24
Inflation Rate	2.9% Mar 24		3.4% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable