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
5 hours agoUSD/CAD Price Analysis: Bears attack 1.3300 to visit five-month-old support line
7 hours agoUSD/CAD Price Analysis: The price breaks the wave low on the intraday chart and there are some other support zones to watch on the higher timeframes
13 hours agoUSD/CAD slumps to 1.3350 on oil recovery, renewed USD weakness
15 hours agoCanada: Markit Manufacturing PMI jumps to 52.9 in July vs. 44.1 expected