USD/CAD Exchange Rate Today, Forecast & News

USD/CAD
US Dollar - Canadian Dollar
Closed
1.34647+0.00332 (+0.25%)
As of: Dec 02, 2022 22:00 UTC
Open
1.34328
High
1.35212
Low
1.34081

Stats

Prev. Close

1.34315

Open

1.34328

Day's Range

1.34081 - 1.35212

52 Week Range

1.24028 - 1.39914

YTD Change

6.53%

1 Year Change

4.80%

Economic CalendarAll Events

Time zone: GMT

Friday, December 2nd 2022
Time	Currency	Event	Impact	Actual	Consensus	Previous
13:30	USD	Average Hourly Earnings YoYNov	Medium	5.1%	4.6%	4.9%
13:30	CAD	Unemployment RateNov	High	5.1%	5.3%	5.2%
13:30	CAD	Part Time Employment ChgNov	Medium	-40.6K	10K	-11K
15:15	USD	Fed Evans Speech	Medium

Monday, December 5th 2022
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:45	USD	S&P Global Services PMI FinalNov	Medium		46.1	47.8
14:45	USD	S&P Global Composite PMI FinalNov	Medium		46.3	48.2
15:00	USD	Factory Orders MoMOct	Medium		0.7%	0.3%

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	3.75% Oct 22		4% Nov 22
Inflation Rate	6.9% Oct 22		7.7% Oct 22
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable

EUR-USD+0.20%

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