What is USD/CAD?

USD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis.

What is AUD/CAD & how does it work?

As with all CAD pairs, traders should be mindful of the impact of oil prices, but also European Central Bank meetings in addition to BOC ones. AUD/CAD is the forex ticker for the exchange rate between the Australian dollar and the Canadian dollar. It tells traders how many Canadian dollars are needed to buy one Australian dollar in real time.

Why is CAD considered a commodity currency?

The CAD is considered to be a commodity currency because of the large amount of natural resources, especially oil, that are mined and exported to southern neighbors. The USDCAD is one of the most traded currency pairs in the world.

How does CAD affect USD & CAD?

Conversely, lower demand and lower prices reduce the flow of USD into Canada, pushing down CAD and having a bullish effect on the USD/CAD pair. This was exemplified by the March 2020 oil collapse, with CAD falling in turn against a range of currencies.