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
55 minutes agoUSD/CAD remains depressed below mid-1.2700 amid softer USD, positive oil prices
5 hours agoUSD/CAD holds above key support near 1.2715 ahead of data, Yellen
10 hours agoUSD/CAD consolidates around 1.2750 as loonie traders digest imminent Keystone pipeline cancellation
16 hours agoUSD/CAD: Pivotal resistance level at 1.2926-1.299 – CitiBank