CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The base currency – AUD. The counter currency – CAD. The AUD/CAD rate represents the relationship between the Australian and Canadian Dollars. This currency pair enables traders to take advantage of macroeconomic events in specific international markets of Canada and Australia without being directly exposed to Forex’s majors. Note, that the AUD/CAD chart is sensitive to broader commodity price trends, as the economies of both countries are strongly tied to natural resources exports. To browse the latest Forex USD/CAD chart, follow Capital.com.
Explore the ongoing AUD/USD downtrend ahead of Australia's GDP data release. Understand economic drivers, RBA policy, and technical signals impacting the Australian Dollar.
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.
09:55, 5 September 2024
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