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 agoUSD/CAD rises above 1.2700, eyes test of 21DMA at 1.2740
1 day agoUSD/CAD to resume the bear trend on a sustained move beneath 1.2620 – Credit Suisse
1 day agoUSD/CAD refreshes session tops, eyeing a move beyond 1.2700 mark
1 day agoUSD/CAD: Less room for loonie's depreciation ahead – CIBC