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
8 minutes agoUSD/CAD Price Analysis: Bulls trying to defend 200-DMA/descending channel confluence support
2 hours agoUSD/CAD drops to fresh February lows below 1.3230
5 hours agoUSD/CAD hangs near two-week lows, below mid-1.3200s
10 hours agoUSD/CAD Price Analysis: Slips below 100-bar SMA, monthly low becomes the key