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
- Minimum spread
- 0.6
- Average spread
- 1.1
- Swap short (pips)
- -0.10
- Swap long (pips)
- -4.20
- Contract size
- 100 000 USD
- Pip price (USD/LOT)
- 7.65
- Islamic acc fee (short)
- -0.10
- Islamic acc fee (long)
- -4.20