AUDCAD (Australian Dollar vs Canadian Dollar). Exchange rate and online charts.
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20 Mar 2025 22:15
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The AUD/CAD currency pair is very sensitive to changes in the U.S. dollar exchange rate.
The Australian dollar is the sixth most traded currency in the world. It accounts for 5% of the global forex trades. A high interest rate in Australia, the forex market being relatively free of government interventions, and the stable Australian economy as well as political system as a whole – all of these trigger great interest of currency investors in the Aussie.
Australia is an exporter of natural resources, agricultural products, and energy. That is why its economy extremely depends on natural resources. The Canadian dollar is the major commodity currency around the globe, which is always affected by crude oil prices, ferrous and non-ferrous metallurgy, and coal industry.
However, the main factor is oil, which is quite positive, as crude oil prices are easier to predict.
Since both the Australian and Canadian economies are export-oriented, the AUD/CAD exchange rate is linked to the units of the U.K., EU, and Japan. Such forex trading tools as EUR/USD, GBP/USD, and USD/JPY may be used as trading indicators.
The Australian dollar is directly correlated with gold, and the Canadian unit, in turn, is closely correlated with crude oil. Consequently, the dynamic of AUD/CAD is strongly influenced by gold and oil prices.
See Also
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- Bearish traders are awaiting support from the Fed and the Bank of England
Author: Samir Klishi
11:36 2025-03-20 UTC+2
1453
- The Japanese yen maintains its bullish bias, driven by expectations that the Bank of Japan will continue raising interest rates this year.
Author: Irina Yanina
11:31 2025-03-20 UTC+2
1453
- Bulls have been attacking for two weeks, but it's time for a pause
Author: Samir Klishi
11:41 2025-03-20 UTC+2
1423
- Although the S&P 500 shows optimism, its growth since March 14 has been viewed as more of a correction.
Author: Ekaterina Kiseleva
12:26 2025-03-20 UTC+2
1408
- Gold is experiencing a slight decline after reaching a new all-time high, remaining in a defensive stance.
Author: Irina Yanina
11:29 2025-03-20 UTC+2
1318
- GBP/USD: Pound Losing Significant Bullish Momentum
Author: Pati Gani
11:25 2025-03-20 UTC+2
1213
- US stock markets close strongly higher: S&P 500 gains 1.1%, Nasdaq 100 up 1.41%
Author: Jakub Novak
10:30 2025-03-20 UTC+2
1198
- Jerome Powell reassured investors that the central bank has everything under control, which pleased S&P 500 bulls
Author: Marek Petkovich
10:05 2025-03-20 UTC+2
1168