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 Technical Analysis: Mildly bid in narrowing range despite oil rally
11 hours agoUSD/CAD under pressure amid resurgent oil prices
15 hours agoUSD/CAD Technical Analysis: Business as usual below 1.3400 handle
21 hours agoUSD/CAD trades with modest losses, just above mid-1.3300s amid surging oil prices