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
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12 minutes agoWhen is Canadian CPI report and how could it affect USD/CAD?
4 hours agoUSD/CAD climbs back above mid-1.3200s, focus shifts to Canadian CPI/FOMC
10 hours agoUSD/CAD technical analysis: 1.3230/35 support-area restricts immediate declines
16 hours agoUSD/CAD erases majority of daily gains, turns quiet around 1.3250