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
3 hours agoGlobe and Mail: Canadian PM Trudeau asks bank CEOs for views on economy, coronavirus relief – Reuters
4 hours agoUSD/CAD Price Analysis: Bounces off 200-hour EMA to probe 1.4000
2 days agoUSD/CAD: Oil still holding back CAD gains – CIBC
2 days agoUSD/CAD clings to gains near 1.4000, looks to close second straight day higher