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: More dovish BoC to soften the loonie in 2021 – CIBC
12 hours agoUSD/CAD Price Analysis: 100-day SMA guards immediate upside
18 hours agoUSD/CAD on track to post highest daily close in a month near 1.3350
22 hours agoUSD/CAD rallies to 1-month tops, fast approaching 1.3400 mark