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 day agoUSD/CAD clings to gains above 1.33 as oil drops sharply on escalating trade tensions
2 days agoUSD/CAD eases from tops, still comfortable above 1.3300 handle post-Canadian data
2 days agoCanada: Retail sales stayed unchanged in June vs -0.1% expected
2 days agoWhen are the Canadian retail sales and how could they affect USD/CAD?