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 slides back closer to mid-1.3000s, focus shifts to Canadian CPI
8 hours agoUSD/CAD remains on the road to recovery amid lack of fresh clues
15 hours agoUSD/CAD jumps to 5-day highs above 1.3070 on crude oil selloff
20 hours agoUSD/CAD continues to trade below 1.3050 despite broad USD strength