The US and Canadian economies are among the largest and have strong connections between them. A vast majority of Canadian exports go to the USA. USDCAD is a commodity-dependent currency. Throughout its history, CAD rate has been influenced by energy commodities. While the USD commonly influences pair liquidity more intensively, traders know that USDCAD negatively correlates with NZDUSD and AUDUSD.
Spreads and conditions
- 100 000 USD
Most popular assets
1 hour agoUSD/CAD struggles near one-month lows, below 1.2500 mark
5 hours agoUSD/CAD Price Analysis: Rounding top on 4H keep sellers hopeful around 1.2500
11 hours agoBOC Preview: Risks are skewed toward disappointment in the rates and FX market – BofA
17 hours agoUSD/CAD turns positive and jumped toward 1.2850