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
20 minutes agoUSD/CAD eases from tops, back below 1.3300 handle
7 hours agoUSD/CAD remains on a back foot around 1.3290 as WTI takes the bids
13 hours agoUSD/CAD looks to close below 1.33 after Canadian CPI data, FOMC minutes
18 hours agoUSD/CAD technical analysis: Sticks to Canadian CPI-led losses, flirting with weekly lows