Cryptocurrency Charts
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USDCAD
U.S. Dollar / Canadian Dollar
Past performance is not an indication of future results.
About
USDCAD represents the amount of Canadian dollars that 1 U.S. dollar can buy.
Factors affecting USDCAD
1. U.S. and Canada monetary policy 2. Important economic data of the United States and Canada
Historical market review
On March 14, 2020, the Bank of Canada once again urgently cut interest rates by 50 basis points, reducing the key overnight interest rate by 50 basis points to 0.75%. Affected by the news, USDCAD were boosted. The price started to rise from 1.3728 and hit a high of 1.4667 on March 19, an increase of more than 900 pips.
Economic data affecting USDCAD (by importance)
1. U.S. Fed interest rate decision 2. Non-Farm payrolls
