USD/CAD

USD/CAD
US Dollar - Canadian Dollar
1.2507-0.0034 (-0.27%)
As of: Apr 16 20:55 UTCMarket:Closed
Open
1.2541
High
1.2509
Low
1.2500

Stats

Prev. Close

1.2541

Open

1.2541

Day's Range

1.2500 - 1.2509

52 Week Range

1.2365 - 1.4265

YTD Change

-1.75%

1 Year Change

-10.91%

Economic Calendar

Time zone: GMT

Friday, April 16th 2021

Time	Country	Event	Actual	Forecast	Previous
14:00	USD	Michigan Consumer Sentiment Prel	86.5	89.6	84.9
14:00	USD	Michigan Current Conditions Prel	97.2	96.3	93
14:00	USD	Michigan Consumer Expectations Prel	79.7	83.6	79.7
14:00	USD	Michigan Inflation Expectations Prel	3.7 %	3.2 %	3.1 %

Tuesday, April 20th 2021

Time	Time Left	Country	Event	Impact	Actual	Forecast	Previous
20:30		USD	API Crude Oil Stock Change				-3.61 M

Wednesday, April 21st 2021

Time	Time Left	Country	Event	Impact	Actual	Forecast	Previous
12:30		CAD	Inflation Rate MoM			0.4 %	0.5 %
12:30		CAD	Inflation Rate YoY			1.7 %	1.1 %

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% Mar 10, 21		0.25% Mar 17, 21
Inflation Rate	1.1% Feb 21		2.6% Mar 21
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaStable	AA+Stable