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USDCDF

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    2831.0019$
  • Previous Close
    2848.7718$
  • 52 Week Change
    --
  • Day Range
    -17.77$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

USDCDF.FOREX represents the exchange rate between the US dollar (USD) and the Congolese franc (CDF) in the foreign exchange (forex) market. This financial product allows traders to speculate on the relative value of these two currencies. The quoted rate indicates how many Congolese francs are needed to purchase one US dollar, fluctuating based on various economic and political factors affecting both the United States and the Democratic Republic of the Congo.

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Factors

Commodity Prices: Canada is a major exporter of commodities, especially oil. Higher oil prices often strengthen the Canadian dollar.

Interest Rate Differentials: Differences in interest rates between the US and Canada influence capital flows and currency values.

Economic Growth: Relative economic performance of the US and Canada impacts investor sentiment and currency demand.

Risk Sentiment: Global risk appetite affects the Canadian dollar, seen as a risk-sensitive currency.

US Dollar Strength: General USD strength or weakness impacts the USD/CAD pair.

Central Bank Policy: Monetary policy decisions by the Federal Reserve and Bank of Canada.

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