USD/CAD Exchange Rate Today, Forecast & News

USD/CAD
US Dollar - Canadian Dollar
Open
1.36187-0.00352 (-0.26%)
As of: May 16, 2024 06:24 UTC
Open
1.36538
High
1.36611
Low
1.35888

Stats

Prev. Close

1.36539

Open

1.36538

Day's Range

1.35888 - 1.36611

52 Week Range

1.30926 - 1.39030

YTD Change

2.78%

1 Year Change

1.13%

Economic CalendarAll Events

Time zone: GMT

Wednesday, May 15th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:30	USD	EIA Gasoline Stocks ChangeMay/10	Medium	-0.235M	0.88M	0.915M
16:00	USD	Fed Kashkari Speech	Medium
19:20	USD	Fed Bowman Speech	Medium
20:00	USD	Net Long-term TIC FlowsMar	Medium	$100.5B	$89.3B	$62.9B

Thursday, May 16th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
12:30	USD	Housing Starts MoMApr	Medium		3.8%	-14.7%
12:30	USD	Import Prices MoMApr	Medium		0.3%	0.4%
12:30	USD	Initial Jobless ClaimsMay/11	Medium		220K	231K

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	5% Apr 24		5.5% May 24
Inflation Rate	2.9% Mar 24		3.4% Apr 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	AaaNegative	AA+Stable