EUR/CAD — News Archive

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Loonie Drops, Even with Higher Oil Prices

Canadian dollar is heading lower today, despite the fact that oil prices are finally on the rise again. With so much risk aversion, the loonie is down in large part due to a desire to shore up with safe haven currencies as the markets struggle.

CAD Gains for Second Day vs. USD & JPY

The Canadian dollar rallied today, rising for the second day against the US dollar and the Japanese yen, thanks to the jump of crude oil prices and encouraging domestic macroeconomic reports.

Canadian Dollar Continues to Follow Crude Oil Prices Down

The Canadian dollar ended the Friday’s trading session flat against its US counterpart. The loonie dropped against other major currencies, falling to the lowest level in three months versus the Japanese yen.

Loonie Heads Higher as Oil Prices Surge

Canadian dollar is heading higher today, gaining ground as oil prices surge. The chance for oil prices is producing gains for the loonie against its major counterparts.

Candian Dollar Plunges Along with Oil Prices

Canadian dollar is heading much lower against most of its major counterparts, thanks in large part to the continuing drop in oil prices.

Canadian Dollar Resilient in Face of Negative Fundamentals

The Canadian dollar fell against its US counterpart on Friday but was surprisingly robust against its other major peers like the euro and the Japanese yen. The currency demonstrated resilience despite negative fundamentals.

Canadian Dollar Trades Mixed Ahead of BoC

The Bank of Canada is expected to make a policy announcement today. However, with expectations that the central bank will stay the course, the loonie is trading mixed and somewhat rangebound today.

Canadian Dollar Flat, Can Potentially Go Lower

The Canadian dollar was little changed during Thursday’s quiet trading. The currency fell versus the US dollar intraday but is trading near its opening level currently. Falling prices for crude oil coupled with poor economic data from Canada suggest that the currency may go lower once trading recovers after the holiday in the United States.

Canadian Dollar Shows Better Performance

Today, the Canadian dollar fared better than yesterday, rising against the euro and paring initial losses versus the US dollar and the Japanese yen. Economic data released from Canada over Friday was mixed, giving the currency no particular edge.

Canadian Dollar Demonstrates Weak Performance

The Canadian dollar was attempting to rise against its US peer today but has almost erased its gains by now. The currency fell against its other major rivals, including the euro and the Japanese yen.

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