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
6 minutes agoUSD/CAD clings to gains above mid-1.3300s ahead of US/Canadian jobs report
12 minutes agoCanada Employment Change July Preview: Loonie awaits a weak US NFP
3 hours agoUSD/CAD off multi-day highs, around 1.3350 ahead of US/Canadian jobs
10 hours agoUSD/CAD Price Analysis: Regains 1.3300 amid fresh US-Canada tussle