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 testing the 1.3305 area again, after hitting a fresh low near 1.3265
4 hours agoUSD/CAD trades above 1.3300 as WTI tests $49
6 hours agoUSD/CAD Price Analysis: Sits near 2-week tops, around 1.3300 mark
9 hours agoUSD/CAD in search of a firm direction, stuck in a range, below 1.3300 mark