USD/CAD (Dollar / Loonie)
The dollar against the Canadian dollar.
Dollar / Loonie Live priceWhat is USD/CAD
USD/CAD is the exchange rate between the US dollar and the Canadian dollar, nicknamed the "Loonie" after the bird on Canada’s one-dollar coin.
Canada is a major oil exporter, so the pair is closely tied to crude prices: a higher oil price tends to strengthen the Canadian dollar and push USD/CAD lower.
It also reflects the close trade relationship between the two neighbours and the gap between the Bank of Canada and the Federal Reserve.
- Type
- Major pair
- Base
- US dollar (USD)
- Quote
- Canadian dollar (CAD)
- Hours
- ~24/5
- Most active
- New York session
Technical view
A live read of momentum and trend across timeframes.
Aggregated technical indicators, shown for information only. Not investment advice.
What moves USD/CAD
Oil prices
Canada is a big oil exporter, so crude moves the Loonie.
Rate differentials
The gap between Bank of Canada and Fed policy matters.
US-Canada trade
The close trade relationship links the two economies.
Risk sentiment
Broad dollar moves feed into the pair.
How to trade it on Chasse
You never place an order. Deploy a Chasse strategy and it trades this market for you, automatically, with a stop-loss and take-profit on every position. Which strategies you can run depends on your tier.
Live market data. Chasse is currently a simulated demo; trading results shown elsewhere are illustrative and not guaranteed.
USD/CAD, answered
What is USD/CAD?
The exchange rate between the US dollar and the Canadian dollar, nicknamed the "Loonie".
What moves USD/CAD?
Oil prices, Bank of Canada versus Fed policy, and US-Canada trade.
Can I trade USD/CAD on Chasse?
Yes, USD/CAD is among the currency pairs our strategies trade automatically. Chasse is currently a simulated demo.
When does it trade?
Forex runs nearly 24 hours a day, five days a week, so a strategy can act around the clock on weekdays.
How much do I need to start?
From $100. Forex sits alongside the other markets our strategies trade across the tiers.
