USDCAD

USD/CAD represents the exchange rate between the U.S. dollar and the Canadian dollar. It is influenced by factors such as interest rate decisions from the Federal Reserve and the Bank of Canada, economic data releases, and global oil prices, as Canada is a major oil exporter. The pair tends to be most active during the U.S. and Canadian trading sessions. Traders watch for economic indicators like GDP growth, employment data, and inflation to predict price movements. Market sentiment and risk appetite also play a role, as the Canadian dollar is often considered a commodity-linked currency.