AUD/CAD: live price, payout and trading hours

AUD/CAD shows how many Canadian dollars one Australian dollar buys: 0.90000 means 1 AUD = 0.90 CAD. The pip is 0.0001. Both are commodity currencies, but they depend on different commodities and different customers, and that difference is what this cross trades.

Australia lives off metals, coal and gas, and its biggest buyer is China. Canada lives off oil, and its biggest buyer is the United States. So AUD/CAD often reflects the balance between Chinese demand and metal prices on one side and crude oil and the US economy on the other: a rally in iron ore with flat oil tends to lift the pair, a jump in crude with weak Chinese data tends to push it down. Because both currencies react similarly to broad risk sentiment, part of that effect cancels out, and the pair can be slower than the dollar majors.

Policy differences between the Reserve Bank of Australia and the Bank of Canada drive longer moves. Australian data comes out in the Asian session, Canadian data in the North American morning, so each side has its own news window; between them, liquidity is thinner.

AUD/CAD OTC is a separate instrument on Sky Trade: the server generates its price continuously, with no reference to commodities or to the real AUD/CAD rate.