USDCADUS Dollar / Canadian Dollar — Live Price & Chart

USDCAD measures how many units of CAD one unit of USD buys — in other words, the exchange rate of the US dollar, the world's primary reserve currency, driven by Federal Reserve policy, US inflation and jobs data, and global risk sentiment against the Canadian dollar, a 'commodity currency' that tracks crude oil prices and Bank of Canada policy.

Crude oil is the key driver because energy is Canada's biggest export: rising oil usually pushes the pair down. Bank of Canada and Fed policy divergence and North American data complete the picture.

US Dollar / Canadian Dollar is a currency pair combining the US dollar, the world's primary reserve currency, driven by Federal Reserve policy, US inflation and jobs data, and global risk sentiment with the Canadian dollar, a 'commodity currency' that tracks crude oil prices and Bank of Canada policy. Forex trades 24 hours a day from the Monday Sydney open to the Friday New York close, with the deepest liquidity during the London–New York overlap. Its relatively calm daily range appeals to range traders and beginners. The pair is followed by retail day traders, bank desks and macro funds alike.