EUR/CAD — News Archive

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Canadian Dollar Gets Support from Economic Data & Crude Oil

The Canadian dollar rallied against its most-traded peers today (with the exception of the rather strong euro) as Statistics Canada released a very positive macroeconomic report. The rally of crude oil also contributed the currency’s gains.

CAD Gains on USD, Trims Losses vs. Other Rivals

The Canadian dollar rallied versus its US counterpart thanks to the broad-based weakness of the US currency. The loonie fell versus its other most-traded rivals, but has trimmed losses by the end of the Tuesday’s trading session.

USD/CAD Stable, Other CAD-Crosses Weak

The Canadian dollar was stable against its US counterpart but fell against other most-traded currencies today, most likely dragged down by crude oil prices.

Canadian Dollar Fails to Rally, Erases Gains vs. Greenback

The Canadian dollar attempted to rally today but failed and has trimmed its gains by now. Against the US dollar, the loonie erased gains outright as the greenback was too strong during the current trading session.

Canadian Dollar Rises Sharply on Booming Employment, Rising GDP

The Canadian dollar jumped sharply today following the release of the stellar employment data in Canada. The better-than-expected GDP print did not hurt the currency either.

Canadian Dollar Drops, Following Crude Oil

The Canadian dollar fell on Monday, following the sharp decline of North American crude oil. The week ahead have several important events in store for the currency, especially on Friday.

Canadian Dollar Firm Despite Falling Employment

The Canadian dollar gained even though nation’s employment dropped last month. Other economic reports were good, though.

Canadian Dollar Falls Sharply After Disappointing Macroeconomic Reports

The Canadian dollar fell sharply today after the release of macroeconomic reports, which turned out to be worse than analysts had anticipated. The drop of crude oil prices were also unfavorable to the currency.

Canadian Dollar Moves Lower Even as Crude Oil Rallies

The Canadian dollar fell a bit today even as prices for crude oil, Canada’s major export, rallied during the Monday’s session. Market analysts argued that the reason for that is diminishing prospect for an interest rate hike from the Bank of Canada.

USD/CAD Dips After FOMC Minutes Show Dovish Stance

The Canadian dollar rose against its US counterpart today as the greenback was driven down by unexpectedly dovish minutes of the Federal Open Market Committee. The loonie also gained versus most other major rivals and trimmed losses versus the euro thanks to the rally of crude oil that followed the release of the FOMC minutes.

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