What is EUR/CAD & how does it work?

EUR/CAD is the forex ticker for the exchange rate between the Euro and the Canadian dollar. It tells traders how many Canadian dollars are needed to buy one Euro in real time. As it is not in the top ten most traded pairs, EUR/CAD is less liquid than major pairs such as USD/CAD.

What is AUD/CAD & how does it work?

As with all CAD pairs, traders should be mindful of the impact of oil prices, but also European Central Bank meetings in addition to BOC ones. AUD/CAD is the forex ticker for the exchange rate between the Australian dollar and the Canadian dollar. It tells traders how many Canadian dollars are needed to buy one Australian dollar in real time.

What is USD/CAD & how does it work?

USD/CAD is the forex ticker for the exchange rate between the US dollar and the Canadian dollar. It tells traders how many Canadian dollars are needed to buy one US dollar in real time. The pair is consistently in the top ten most-traded currency pairs in the world, and therefore traders can expect good liquidity and tight spreads.

What is the correlation between eurcad and USDCAD?

Use a correlation calculator to understand the variables impacting the EURCAD versus the EURUSD and USDCAD. A positive correlation indicates a forex pair that reacts in line with movements in the EURCAD. A negative correlation suggests the currency pair will move in the opposite direction.