EUR/CAD — News Archive

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Canadian Dollar Mostly Flat amid Battling Fundamentals

The Canadian dollar was mostly flat against its major rivals (though not versus the Japanese yen) as good and bad fundamentals battled for the right to determine the direction for the currency to move.

Canadian Dollar Under Pressure During Wednesday’s Trading

The Canadian dollar was under pressure during the Wednesday’s trading session as falling oil prices and concerns about potential monetary easing from the Bank of Canada made the currency not particularly attractive.

ECB Policy Statement Leads to Weekly Losses for Euro

One of the most important events this week was the monetary policy decision from the European Central Bank. While the ECB did not change its policy, the accompanying statement was dovish enough to send the euro crashing down against most other major currencies.

CAD Turns Lower After Data Fails to Reach Consensus Forecast

The Canadian dollar went down today, falling for the third consecutive trading session against the Japanese yen, after economic reports released by Statistics Canada missed market expectations.

Canadian Dollar Ends Week Higher Against Most Rivals

The Canadian dollar gained against its most-traded rivals over the week with the help of crude oil rally caused by the surprise announcement from the Organization of Petroleum Exporting Countries.

Canadian Dollar Ends Trading Higher on Strong GDP

The Canadian dollar rose against some of its most-trading peers on Friday but gains against the US dollar were limited while against the euro the loonie ended the session flat. The main reason for the currency’s rally was the strong GDP report.

Canadian Dollar Goes Lower After Two Days of Gains

The Canadian dollar fell on Thursday after two days of gains and maintained its weakness during the Asian trading hours on Friday.

Canadian Dollar Maintains Rally Caused by OPEC Decision

The Canadian dollar was rising during the Asian trading session on Thursday, managing to maintain the rally it started on Wednesday. The rise of the currency was caused by the news about a surprise decision by the Organization of Petroleum Exporting Countries to limit its crude oil production.

Canadian Dollar Struggles to Keep Gains

The Canadian dollar was attempting to move lower on Wednesday after showing a decent performance on Tuesday despite the drop of crude oil prices.

Canadian Dollar Falls on Monday, Rally of Crude Oil Doesn’t Help

The Canadian dollar fell against its major peers on Monday despite the rally of Canada’s most important export commodity — crude oil.

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