USD/CAD

USD/CAD
US Dollar - Canadian Dollar
Open
1.2558-0.0023 (-0.18%)
As of: Jan 24, 2022 04:21 UTC
Open
1.2581
High
1.2589
Low
1.2557

Stats

Prev. Close

1.2581

Open

1.2581

Day's Range

1.2557 - 1.2589

52 Week Range

1.2007 - 1.2964

YTD Change

-0.65%

1 Year Change

-1.46%

Economic Calendar

Time zone: GMT

Thursday, January 20th 2022

Time	Time Left	Country	Event	Impact	Actual	Forecast	Previous
16:00		USD	EIA Crude Oil Stocks Change		515 K M	-938 K M	-4.55 M M

Friday, January 21st 2022

Time	Country	Event	Actual	Forecast	Previous
13:30	CAD	Retail Sales Ex Autos MoM	1.1 %	1.3 %	1.3 %
13:30	CAD	Retail Sales MoM	0.7 %	1.2 %	1.5 %
16:30	USD	Treasury Secretary Yellen Speech

Monday, January 24th 2022

Time	Time Left	Country	Event	Forecast	Previous
13:30	09:08	USD	Chicago Fed National Activity Index	0.49	0.37
14:45	10:23	USD	Markit Services PMI Flash	55	57.6
14:45	10:23	USD	Markit Composite PMI Flash	56.7	57

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	0.25% Dec 08, 21		0.25% Nov 03, 21
Inflation Rate	4.7% Oct 21		6.8% Nov 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable