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
13 hours agoUSD/CAD Price Analysis: Remains confined in a multi-day old trading range, below 1.3100 mark
18 hours agoUSD/CAD rallies back to 1.3075-80 resistance amid weaker oil prices
23 hours agoUSD/CAD recovers to 1.3060 following crude oil’s sustained weakness
1 day agoDownside risk for CAD ahead of BoC meeting - ING