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USD/CAD (USDCAD)
USD/CAD is the exchange rate between the US dollar and the Canadian dollar. Canada is a major oil exporter, so the pair carries an additional sensitivity to crude-oil price moves beyond the direct policy drivers common to any USD pair.
What moves USD/CAD?
Federal Reserve rate decisions and US data move the pair from the dollar side, the same as any USD pair.
Bank of Canada rate decisions and Canadian employment data set direct policy expectations for the Canadian dollar; because Canada is a major oil exporter, crude-oil price swings also move CAD independent of any scheduled economic release.
Reaction statistics
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