USD/CAD Exchange Rate Today, Forecast & News

USD/CAD
US Dollar - Canadian Dollar
Open
1.34151-0.00352 (-0.26%)
As of: Jun 02, 2023 09:05 UTC
Open
1.34489
High
1.34538
Low
1.34109

Stats

Prev. Close

1.34503

Open

1.34489

Day's Range

1.34109 - 1.34538

52 Week Range

1.25177 - 1.39914

YTD Change

-1.03%

1 Year Change

5.90%

Economic CalendarAll Events

Time zone: GMT

Thursday, June 1st 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:00	USD	ISM Manufacturing PMIMay	High	46.9	47	47.1
15:00	USD	EIA Gasoline Stocks ChangeMay/26	Medium	-0.207M	-0.497M	-2.053M
15:00	USD	EIA Crude Oil Stocks ChangeMay/26	Medium	4.488M	-1.386M	-12.456M
17:00	USD	Fed Harker Speech	Medium

Friday, June 2nd 2023
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Average Hourly Earnings MoMMay	Medium		0.3%	0.5%
12:30	USD	Participation RateMay	Medium		62.5%	62.6%
12:30	USD	Average Hourly Earnings YoYMay	Medium		4.4%	4.4%

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	4.5% Apr 23		5.25% May 23
Inflation Rate	4.4% Apr 23		4.9% Apr 23
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable