Factors Affecting The Exchange Rates Of USD/CAD

Forex markets are highly volatile, where the exchange rates of currencies keep fluctuating every minute. The USD/CAD is one of the most popular currency pairs in the forex markets. USD/CAD is the exchange rate quoted to exchange US dollars to Canadian dollars. In short, it is the amount of Canadian dollars you receive for one US dollar. Many factors such as the political issues, economic forces, imports and exports, etc. influence the rate of exchange of USD and CAD currencies. Let us understand about a few of them. CAD is…

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