USD/CAD forex chart represents the US Dollar-Canadian Dollar currency pair that shows traders how many Canadian Dollars are required to buy one US Dollar. The USD/CAD is one of the three so-called “commodity pairs”, together with AUD/USD, NZD/USD. These pairs are highly correlated to commodity (especially oil) fluctuations.
This currency pair is also known as the “Loonie”, a nickname derived from the picture of a loon, a distinctive bird which appears on one side of the Canada’s gold-colored, one Dollar coin. The ‘Loonie’ is a gold-coloured coin that was introduced in 1987 and is produced by the Royal Canadian Mint at its facility in Winnipeg.
Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. In Canada, the organizations and people that affect the most the moves of the USD/CAD pair are: Bank of Canada (BOC) and Canadian Association of Petroleum Producers (CAPP).
Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair.