The Canadian dollar consistently appears to move almost independently of other currencies. That is it exhibits low correlations with the other currencies.

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This statement is generally true. The Canadian dollar is often considered a commodity currency because Canada is a major exporter of natural resources like oil, gas, and timber. As a result, the value of the Canadian dollar can be influenced by factors specific to the country's economy, such as changes in commodity prices or trade policy. Therefore, it may not always move in tandem with other currencies.

The Canadian Dollar Consistently Appears to Move Almost Independently of Other