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 day agoCanada: Ivey PMI recovers from 22.8 to 39.1 in May
1 day agoCanada: Loonie already priced solid employment data, USD/CAD targets 1.38 – TDS
1 day agoCanada: Employment increased by 290K in May, Unemployment Rate edged higher to 13.7%
1 day agoUSD/CAD drops to fresh 3-month lows, around 1.3400 mark post-US/Canadian jobs report