This symbol represents the New Zealand Dollar – Canadian Dollar cross pair. These two currencies are both categorized as commodity currencies. Canada is primarily associated with oil and lumber, conducting significant trade with the United States. New Zealand is more associated with agricultural commodities and exports dairy and meat products to Australia and China.
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Weekly New Zealand Dollar and Canadian Dollar Trading Forecast
|New Zealand Dollar Looks to 4Q GDP, FOMC Outcome for Direction||neutral|
|Canadian Dollar Faces Conflicting Cues from BOC, Key US Data||neutral|