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The currency of Canada. One of the major currencies traded. Currency code (CAD)
Canadian Dollar
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Related Terms
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The Bank of Canada (BoC) is Canada’s central bank and is located in Ottawa, the capital of Canada. Its...
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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A currency pair is a price quote of the exchange rate for two different currencies traded in the foreign...
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Safe haven currencies are currencies that are expected to retain or increase in value when it seems like...
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Weekly Forex Market Recap: July 26 – 30
CHF took the top spot this week as traders juggled risk against the backdrop of continued rising pandemic concerns, the Fed, and a regulatory crackdown in China.
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CAD Weekly Review (Jan. 18 – 22)
The BOC gave CAD a boost mid-week, but disappointing employment data from Canada was able to deflate bullish sentiment ahead of the weekend.
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CAD Weekly Review (Feb. 15 – 19)
Loonie price action was mostly choppy as traders balanced a broad risk-on lean vs. mixed but arguably net negative Canadian economic updates.
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CAD Weekly Review (Nov. 30 – Dec. 4)
The Canadian dollar took the top spot, likely lifted by bounce in oil prices on Thursday, as well as positive economic updates from Canada at the end of the week.
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