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
16 hours agoUSD/CAD consolidates daily gains near 1.3070
20 hours agoUSD/CAD se estabiliza cerca de los máximos de sesión, justo por encima de 1.3050
21 hours agoUSD/CAD sits near session tops, just above mid-1.3000s
22 hours agoBoC to hold overnight rate at 1.75% through 2020 and H1 2021 – Reuters