EUR/CAD — News Archive


USD/CAD Tests 1.25 As Falling Crude Prices, Fed Meeting Weigh on Loonie

The Canadian dollar is modestly sliding against its US peer in the middle of the trading week, ostensibly hitting the pause button as one of the world’s top-performing currencies. The loonie is paring its gains mostly on falling energy prices, as well as investors seeking shelter in conventional safe-haven assets, like the US dollar and the Swiss franc. But what about domestic data?

Canadian Dollar Surges amid Higher Bond Yields, Strong Jobs Report

The Canadian dollar strengthened against its US counterpart to close out the trading week, buoyed by a better-than-expected jobs report and rallying bond yields. Despite some tepid hiccups this year, the loonie has gained about 2% against the greenback so far in 2021. With rising energy prices and the economic recovery advancing, the Canadian dollar might have more room for growth. According to Statistics Canada, the economy added 259,200 new […]

Strength of Swiss Franc Signals About Worsening Sentiment

Markets started Thursday’s trading session in a positive mood. The Swiss franc, being considered a safer currency, was soft as a result of that. But currently, the Swissie has managed to gain against almost all of its most-traded peers. It also erased losses versus the Australian dollar, which had been the strongest currency on the Forex market during the early Thursday trading.

Canadian Dollar Struggles for Direction amid GDP Data, Crude Prices

The Canadian dollar is struggling for direction on Tuesday as investors comb through the latest economic data and weigh near-term crude oil prices. The loonie has weakened in the last week amid renewed strength in the greenback, but the Canadian dollar is still up 0.72% against its US peer.

Canadian Dollar Joins Other Commodity Currencies in Rally, Ignores Negative Fundamentals

Commodity currencies were clear winners today, and the Canadian dollar was among them. While the loonie failed to beat its commodity-linked counterparts, like the Australian and New Zealand dollars, it managed to gain on other most-traded currencies. That is despite seemingly adverse fundamentals.

Canadian Dollar Soft After Employment Falls

The Canadian dollar was soft today, falling after mixed macroeconomic releases in Canada. Macro reports revealed that last month new house prices have been rising but employment demonstrated a significant decline.

Canadian Dollar Strong on Back of Positive Data, Crude Oil

The Canadian dollar was strong today, rising against many of its rivals. The major reasons for the currency’s rally were positive domestic macroeconomic releases and a rally of crude oil prices. The general market sentiment was also supportive of riskier currencies tied to commodities.

Euro Firm, Unable to Beat Yen & Franc

The euro was firm today, rising against most of its major peers, but failed to gain on safe currencies, such as the Japanese yen and the Swiss franc. The euro’s strength was surprising as the market sentiment has been worsening, and the shared 19-nation currency is not known for being a safe option for investors.

Canadian Dollar Soft, Fails to Get Support from Positive Fundamentals

The Canadian dollar was one of the weakest currencies on Monday, falling against the majority of its most-traded peers, though not all of them. It was surprising to see such a poor performance considering that fundamentals were largely supportive of the currency.

Canadian Dollar Strengthens Amid Better-Than-Expected November GDP

The Canadian dollar strengthened against its US peer to close out the trading week, capping off a disappointing month as the greenback recorded gains against most of its currency competitors. The loonie found support on a decent economic performance toward the end of last year, suggesting that the economy is recovering at a modest pace, despite the likelihood that the nation contracted last year. Can the loonie recover in February?