U.S. Dollar / Canadian Dollar (USD/CAD) Breakdown
The USD/CAD currency pair represents the exchange rate between the United States dollar (US$) and the Canadian dollar (C$). Often referred to as the “Loonie” due to the loon bird on the Canadian one-dollar coin, this pair is significant in the Forex market because of the close economic ties between the two neighboring countries. The USD/CAD is heavily influenced by commodity prices, particularly crude oil, as Canada is a major oil exporter.
Australian Dollar / U.S. Dollar (AUD/USD) Breakdown
The AUD/USD currency pair represents the exchange rate between the Australian dollar (A$) and the United States dollar (US$). Often referred to as the “Aussie,” this pair is popular among traders due to its liquidity and the role of both economies in global trade, particularly in commoditie