EUR/CAD — News Archive


USD/CAD Drops to Two-Year Low After Fed Statement

The Canadian dollar gained to the highest level in two years versus its US counterpart today after the Federal Reserve released a relatively dovish policy statement. The loonie also rallied against the weak Swiss franc but dropped versus the euro and Japanese yen.

Canadian Dollar Gains as Wholesale Sales Rise to Record

The Canadian dollar rose today thanks to the surprisingly good wholesale sales reading, which increased chances for monetary tightening from the Bank of Canada.

Canadian Dollar Propelled by Economic Data & Oil Prices

The Canadian dollar gained on its major rivals today, propelled by positive macroeconomic data and gains of crude oil prices.

Canadian Dollar Ends Week Strongest amid BoC Hike Speculations

The Canadian dollar ended the week as the strongest major currency because the events during the week’s trading fueled speculations that the Bank of Canada will hike interest rates as soon as the next week.

Positive Fundamentals Fail to Provide Support to Canadian Dollar

The Canadian dollar was flat versus the US dollar and the Japanese yen and fell against the euro and the Swiss franc even though fundamentals should have supported the currency.

Canadian Dollar Stable After Tuesday’s Rally

The Canadian dollar was stable against its US counterpart and retreated a bit versus other most-traded currencies on Wednesday after rallying on Tuesday.

Euro Weakens Against US Dollar on Mixed US and Eurozone Data

The EUR/USD currency pair was on a downward trend for most of today’s session as investors shift their buying focus from the euro to the US dollar. The release of the US ISM manufacturing data for June also pushed the currency pair lower as it exceeded market expectations, which supported the US dollar’s rally.

Canadian Dollar Pushes Higher, Ignoring Domestic Economic Data

The Canadian dollar rallied today, touching the highest level since September against its US counterpart, even while domestic macroeconomic data was not helpful to Canada’s currency.

CAD Touches Highest Since February vs. USD

The Canadian dollar gained against its US counterpart today, reaching the highest level since February. The currency trimmed its gains by now, though, and fell versus other most-traded peers.

Canadian Dollar Jumps as Poloz Shows Hawkish Bias

The Canadian dollar surged more than 1% against its most-traded counterparts today after the Bank of Canada chief demonstrated hawkish bias, adding to speculations that the central bank may consider an interest rate hike in the not-so-distant future.