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
2 hours agoBoC Governor Poloz surprised markets with a relatively hawkish tone - TD Securities
2 hours agoUSD/CAD slumps below 1.3280 on oil rally, hawkish BoC commentary
5 hours agoBoC's Poloz: Monetary conditions “about right” given the situation
7 hours agoUSD/CAD holds steady near multi-week tops, above 1.3300 handle ahead of Poloz