USDCAD Chart Online

By means of online USD/CAD chart you can follow the live movement of the pair; and it’s good to understand the basics of its formation.

USD/CAD is a popular currency pair due to the large amount of cross-border trading activity that takes place between The United States and Canada. The Canadian Dollar is often called ‘The Loonie’ because of the picture depicting a loon on the Canadian $1 coin. The Canadian Dollar is often considered a ‘Commodity Currency’ due to the large deposits of natural resources, especially Oil that is mined and exported from Canada; particularly with their neighbor to the south.