US Dollar / Euro vs US Dollar / Canadian Dollar

US Dollar / Euro (USD/EUR) and US Dollar / Canadian Dollar (USD/CAD) compared side by side. Over the past 90 days, USD/EUR is ahead by 3.5 percentage points (USD/EUR +2.0% against USD/CAD -1.6%). Their daily returns move closely together (correlation 0.61 across 284 shared trading days). USD/EUR has been the more volatile of the two, at 6% annualised against USD/CAD's 5%.

Correlation: 0.61
Ahead over 90 days: USD/EUR

US Dollar / EuroUSD/EUR

$0.894530

24h: +0.33%
Market cap: —
Volume 24h: —
Volatility (ann.): 6%

US Dollar / Canadian DollarUSD/CAD

$1.3975

24h: +0.01%
Market cap: —
Volume 24h: —
Volatility (ann.): 5%

Performance

USD/EURUSD/CAD

7 days+0.26%-0.14%USD/EUR
30 days+2.29%-0.59%USD/EUR
90 days+1.98%-1.56%USD/EUR

Correlation

0.61over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.5390d: 0.661y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USD/EUR	USD/CAD
Max drawdown (400d)	-4.4%	-4.4%
Risk-adjusted return (90d)	0.38	-0.32

Relative strength over 90 days: USD/EUR outperformed USD/CAD by 3.6% — measured on the USD/EUR/USD/CAD ratio, so it holds regardless of market direction.

US Dollar / Euro →US Dollar / Canadian Dollar →