USD/CAD

USD/CAD
US Dollar - Canadian Dollar
1.2574+0.0008 (+0.06%)
As of: Jul 23 16:54 UTCMarket:Open
Open
1.2566
High
1.2607
Low
1.2553

Stats

Prev. Close

1.2566

Open

1.2566

Day's Range

1.2553 - 1.2607

52 Week Range

1.2007 - 1.3461

YTD Change

-1.23%

1 Year Change

-6.19%

Economic Calendar

Time zone: GMT

Friday, July 23rd 2021

Time	Country	Event	Actual	Forecast	Previous
12:30	CAD	Retail Sales MoM	-2.1 %	-3 %	-5.7 %
13:45	USD	Markit Composite PMI Flash	59.7	63	63.7
13:45	USD	Markit Manufacturing PMI Flash	63.1	62	62.1
13:45	USD	Markit Services PMI Flash	59.8	64.8	64.6

Monday, July 26th 2021

Time	Country	Event	Forecast	Previous
14:00	USD	New Home Sales	0.8 M	0.77 M
14:00	USD	New Home Sales MoM	1.4 %	-5.9 %
14:30	USD	Dallas Fed Manufacturing Index	32	31.1

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% Jul 14, 21		0.25% Jun 16, 21
Inflation Rate	3.6% May 21		5.4% Jun 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable