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US Dollar / Canadian Dollar

Stay up-to-date with US Dollar (USD) against the Canadian Dollar (CAD) in real-time by bookmarking this Live Chart. View historial data and track market movements on one of the most-traded pairs in the forex market, as they happen.

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Why watch CAD against USD?

In closely watching the highly popular CAD/USD currency pair, traders can understand the factors that influence pricing and create volatility in the market.  For example, there is a strong correlation between the Canadian dollar and commodity prices, in particular oil, with Canada being one of the world’s largest oil exporters.  Oil prices heavily influence the health of Canada’s economy and currency, leading to movements in the CAD.  This is of special interest to traders who are interested in trading on commodity-linked currencies.

Another critical factor that can influence the CAD/USD currency pair is economic relations and activity between Canada and the United States.  Both countries have strong trade ties and any policy changes, tariffs or change to economic conditions can impact the exchange rate.  Economic data releases such as GDP growth, employment figures and inflation rates can also provide traders with essential insights. as well as interest rate decisions by the Federal Reserve and the Bank of Canada.  These factors can create trading opportunities and greatly influence market sentiment.

The CAD/USD pair also has high liquidity and moderate volatility, making it attractive for traders.  High liquidity can make it easier to enter and exit from positions, whilst volatility stemming from economic announcements and world events offer lots of trading opportunities for profit.

Overall, keeping an eye on the USD/CAD pair can provide valuable insights for traders looking for opportunities in the financial markets.

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Quick links to other top currency pairs

EUR/USD (Euro/US dollar)AUD/USD (Australian dollar/US dollar)
USD/JPY (US dollar/Japanese yen)EUR/GBP (Euro / British pound)
GBP/USD (British pound/US dollar) 
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