USD/CAD is a currency pair based on the value of the United States dollar against the Canadian dollar. Known as ‘The Loonie’, it’s often seen as a commodity pair, as it’s highly correlated with the price of crude oil. The US is the leading exporting market for Canada, which means that its currency is particularly sensitive to US data and economic health. The price of USD/CAD reflects how many Canadian dollars (the quote currency) are needed to buy one US dollar (the base currency). Analyse our USD/CAD live chart and get started by opening a spread betting or CFD trading account.
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