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 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.

What happened to USD/CAD?

USD/CAD gains ground for the second consecutive session, maintaining its position near the 1.3600 psychological level during the European session on Thursday. USD/CAD struggles to halt its three-day losing streak post recovering most of its intraday losses, hovering around 1.3570 during the European hours on Wednesday.

Will USD/CAD climb back to a low?

Despite a recent technical break below its 100-day moving average... USD/CAD climbs back to the low 1.36s. Economists at Scotiabank analyze the pair’s outlook. USD/CAD gains ground for the second consecutive session, maintaining its position near the 1.3600 psychological level during the European session on Thursday.