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
27 minutes agoUSD/CAD in search of a firm direction, stuck in a range below 1.3300 handle
7 hours agoUSD/CAD technical analysis: 200-DMA holds the key to 1.3350/55 resistance-confluence
16 hours agoUSD/CAD technical analysis: The Greenback rises against CAD after Fed cut
18 hours agoUSD/CAD advances beyond 1.3280 as WTI edges lower after EIA report