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
5 minutes agoUSD/CAD Price Analysis: Pulls back from 50% Fibonacci retracement
7 hours agoUSD/CAD bleeding-out to key support structure below 1.40
12 hours agoCanada: Ivey PMI plummets to 26 in March vs. 41 expected
13 hours agoUSD/CAD finds support near 1.4000 as WTI struggles to hold above $27