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 drops below 1.33 on crude oil recovery
1 day agoUSD/CAD technical analysis: Struggles between 200-DMA and 50% Fibo. inside rising channel
2 days agoUSD/CAD advances to weekly highs near 1.3330 on upbeat US data
2 days agoCanada: Non-farm employment increased by 73,700 in July - ADP