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
2 hours agoUSD/CAD Price Analysis: Retreats to 1.2350 after facing rejection from three-month-old hurdle
11 hours agoUSD/CAD remains bullish, at six-week highs near 1.2350
13 hours agoCanada: ADP Employment Change arrives at +101.6K in May
14 hours agoUSD/CAD renews six-week highs above 1.2300 ahead of mid-tier data