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
11 hours agoUSD/CAD drops 0.5% in the open on expected surge in oil prices
2 days agoUSD/CAD stretches higher above 1.32 on upbeat US sales data
3 days agoUSD/CAD trades with modest gains, comfortably above 1.3200 handle
3 days agoUSD/CAD on the front foot towards 21/50-day EMA confluence amid WTI weakness