US Dollar / Canadian Dollar · Major · live quote updated every 5 seconds
USD/CAD, the loonie, pairs the US dollar with the Canadian dollar and is tightly bound to crude oil, since energy is a major Canadian export. Rising oil often strengthens the Canadian dollar and pressures the pair, while falling oil does the reverse. The other big driver is the Bank of Canada versus the Federal Reserve, and because Canadian and US data frequently release at the same time, reactions can be sharp. Deep US-Canada trade links keep the two economies closely tied. Liquidity is strongest during North American hours. Use ForexR to follow the live USD/CAD rate, plot daily pivot points for support and resistance, measure range with ATR, and confirm bias on the multi-timeframe chart. When you are ready, trade it with KCM Trade.
Crude oil prices are a key driver, along with the Bank of Canada versus Federal Reserve policy gap and closely linked US and Canadian economic data.
Canada is a major oil exporter, so higher crude prices tend to strengthen the Canadian dollar and push USD/CAD lower, while falling oil generally lifts the pair.
The pair is most active during North American hours, especially when US and Canadian data or oil inventory reports are released.
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