EUR/CAD — News Archive

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CAD Rises on Employment Data, Loses Gains on Crude Oil Drop

The Canadian dollar jumped after the positive employment report but has started to go back down immediately afterwards. The currency preserved its gains versus the euro but lost them against the US dollar and the Japanese yen.

Canadian Dollar Heads for Fifth Day of Gains vs. US Dollar

The Canadian dollar climbed against its US counterpart for the fourth day in a row on Wednesday and continued to move up during Thursday’s early trading. The currency was little changed against such majors like the euro and the Japanese yen.

CAD Trades Mixed Today, But Weakness is Expected

Canadian dollar is trading mixed today against its major counterparts. However, some analysts and Forex traders think that the loonie will experience near-term weakness on economic data.

CAD Falls vs. USD & EUR, Gains on JPY

The Canadian dollar fell against the US dollar and the euro today, though currently it is trying to reverse losses against the former. The loonie fared far better against the yen, gaining on the Japanese currency.

Canadian Dollar Gains as Oil Tops $50 a Barrel

Canadian dollar is higher against its major counterparts today as oil prices gain ground. Also helping the loonie is the upbeat economic forecast from the Bank of Canada. There seems to be a lot of loonie-positive news, and that is fueling demand in Forex trading.

Canadian Dollar Kicks Off Week with Decline

The Canadian dollar was demonstrating a poor performance during the Monday’s trading session. It is hard to be surprised by this turn of events considering the noticeable decline of prices for crude oil.

Canadian Dollar Trades Lower due to Poor Macroeconomic Indicators

The Canadian dollar traded lower against its most-liquid counterparts, including the US dollar and the euro (but not including the Japanese yen) due to the worse-than-expected macroeconomic data released from Canada today.

Loonie Rallies Against Major Currencies as Oil Rises

Canadian dollar is heading higher today, gaining ground against its major counterparts as oil prices continue to recover to some degree. There are expectations for more loonie weakness in the future, but for now the currency is ahead.

Canadian Dollar Tumbles amid Crude Oil Sell-Off

The Canadian dollar fell more than 1% against its major counterparts today as the sell-off of crude oil hurt the commodity-linked currency while poor economic data from China gave traders even more incentive to avoid currencies related to raw materials.

Higher Oil Prices Help Canadian Dollar

Canadian dollar is getting a boost today, reaching its highest level against the US dollar in about nine months, and gaining against some of its other counterparts as well. Higher oil prices are providing support to the loonie today.

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