The USD/CAD, also known as the US Dollar/Canadian Dollar currency pair, is a commonly traded pair in the foreign exchange market (Forex). It represents the exchange rate between the US Dollar, the official currency of the United States, and the Canadian Dollar, the official currency of Canada. The USD/CAD rate is of significant interest to traders, businesses, and investors as it reflects economic and political factors affecting both the United States and Canada. Movements in the USD/CAD rate can impact trade relations between these two countries, making it an important pair to watch for those involved in cross-border commerce and Forex trading.