AUD/CAD

AUD/CAD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Australian Dollar against the Canadian Dollar.

The Australian Dollar, issued in Australia, holds a notable share of the foreign exchange market. According to the 2022 BIS Triennial Central Bank Survey, it is the sixth most traded currency globally. Australia is perceived to have strong economic ties with China, and the Australian Dollar may experience fluctuations in response to Chinese economic indicators and related factors.

The Canadian Dollar, issued in Canada, is also a significant currency in global trade. Canada's economy is heavily influenced by commodity prices, particularly oil, and the Canadian Dollar may experience fluctuations in response to these commodity prices and other economic indicators related to Canada.