USDCAD
USD/CAD is the currency pair that represents the exchange rate between the U.S. dollar (USD) and the Canadian dollar (CAD). It indicates how many Canadian dollars are needed to buy one U.S. dollar.
This pair is heavily influenced by oil prices (since Canada is a major oil exporter), interest rate differentials between the U.S. Federal Reserve and the Bank of Canada, and overall economic conditions in both countries. When oil prices rise, the Canadian dollar strengthens, often causing USD/CAD to decline, and vice versa.
This pair is heavily influenced by oil prices (since Canada is a major oil exporter), interest rate differentials between the U.S. Federal Reserve and the Bank of Canada, and overall economic conditions in both countries. When oil prices rise, the Canadian dollar strengthens, often causing USD/CAD to decline, and vice versa.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.