Currencies-USDCAD-

USDCAD USD/CAD

1.34464 -0.00020 (-0.01%)
in CAD Market Open
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About USD/CAD

The USD/CAD is a popular currency pair to trade in the foreign exchange market. This pair specifies how many Canadian dollars are needed to buy 1 United States dollar. The Canadian dollar, known colloquially as the Loonie, is generally considered a fairly stable currency, but frequent fluctuations against the USD make it attractive to many traders. The United States dollar is the base currency in this pair, with a value of 1, with the value of the Canadian dollar fluctuating. This pair is affected by interest rate announcements by the Federal Reserve and general fundamentals within the two economies, among other factors. Follow this instrument here on eToro for updates on USDCAD value changes.
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