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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1 day agoUSD/CAD consolidates Thursday's losses, fluctuates in tight range below 1.3150
1 day agoUSD/CAD searches for direction around multi-month low, China data awaited
2 days agoUSD/CAD extends losses to 1.3130 area on upbeat Canada data
2 days agoCanada: Manufacturing sales rose 0.8% to $57.6 billion in August after July's 1.3% decline