EUR/CAD — News Archive


Canadian Dollar Struggles to Regain Some Lost Ground

Canadian dollar is heading a little higher today, struggling to regain some lost ground after hitting lows not seen since 2004. Loonie is a little higher today against most of its major counterparts, and hoping to eke out more gains. However, with global uncertainty weighing on high beta currencies, and with oil prices remaining low, there isn’t a lot of support for the Canadian dollar.

Global Jitters Don’t Help Canadian Dollar

Global stock market jitters aren’t helping the Canadian dollar today. Loonie is weakening against its major counterparts as stocks fall around the world and as oil prices continue to drop.

Crude Oil Prices Drag Canadian Dollar Down

The Canadian dollar sank yesterday and retained its weakness today as falling crude oil prices dragged the currency down along with them. The drop of the US dollar could have helped the loonie, but in practice it had a minimal impact if any at all.

Canadian Dollar Remains Lukewarm

Canadian dollar remains lukewarm in Forex trading against its major counterparts today. There isn’t a whole lot to either push the loonie forward or drag it back, and it is mostly rangebound today.

Loonie Continues to Fall Against Greenback as Markets Drop and Oil Falls

Canadian dollar continues to struggle, especially against the US dollar, thanks to falling stock prices and weak oil prices. There isn’t much to support the loonie, which only seems to be finding success against a weak euro.

Canadian Dollar Mostly Steady Today

Oil prices are inching higher today, but they are still below $45 a barrel. Canadian dollar is mostly steady against its major counterparts. While the loonie is mostly lower, it isn’t making any big moves today.

Canadian Dollar Dragged Down by Oil Prices & Falling GDP

The Canadian dollar was extremely weak today, falling even against the soft US dollar. The Canadian currency was dragged down by the slump of crude oil prices and the unexpected decline of Canada’s economy.

CAD Gains vs. EUR & AUD, Loses Gains vs. USD

The Canadian dollar gained against the euro and the Australian dollar today after a report showed that US inventories of crude oil shrank unexpectedly last week. The currency had also rallied against the US dollar but has lost its gains after the Federal Reserve concluded its policy meeting.

Loonie Struggles Against Major Currencies on GDP, Oil

Canadian dollar is once against struggling overall against its major counterparts. While the loonie is managing gains against the greenback right now, it is having a more difficult time against other major currencies.

Canadian Dollar Pares Losses After Drop

The Canadian dollar dropped today, tracking decline of crude oil. Signs of slowdown in economies around the world were hurting currencies, especially those tied to growth. Yet the loonie is attempting to bounce right now, and it looks like the currency may pare most of its losses by the end of Friday’s trading.