News AUDUSD Correlation | A Top Currency Pair to Trade via CFD
Correlations between the world's most heavily traded commodities and currency pairs are common. For example, the Canadian dollar (CAD) is correlated to oil prices due to exporting, while Japan is susceptible to oil prices because it imports most of its oil. Similarly, Australia (AUD) and New Zealand (NZD) have a close relationship to gold prices and oil prices. The Australian dollar/U.S. dollar (AUDUSD) currency pairing is one of the most volatile currency pairs in the financial markets.
