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What is the forecast for USD/CAD in April 2023?

It anticipates a USD/CAD trading range of 1.353 to 1.395 in April 2023, with a close at 1.374. Long, medium and short-term U.S. dollar to Canadian dollar forecasts are shaped by current conditions and the available data. They can be adjusted at any time, in response to newly released market sensitive information.

What is the FXstreet forecast poll about USD/CAD (US dollar vs Canadian dollar)?

The FXStreet Forecast Poll about USD/CAD (US Dollar vs Canadian Dollar) is a sentiment tool that highlights our selected experts' near and medium term mood and calculates trends according to Friday's 15:00 GMT price.

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.

Why does the USD appreciate compared to the CAD?

On the other hand, when interest rates in the US are higher than those in Canada, the USD typically appreciates relative to the CAD. This is because higher interest rates in the US make the USD more attractive to investors looking to earn higher returns.

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