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
5 hours agoUSD/CAD rebounds toward 1.4200 following shar drop caused by oil rally
9 hours agoUSD/CAD: Poised for a fresh leg higher to 1.50 and beyond – Westpac
9 hours agoUSD/CAD surges to 1.4300 neighbourhood amid resurgent USD demand
14 hours agoUSD/CAD recovers around 50 pips from daily lows, still in the red below mid-1.4100s