EUR/CAD — News Archive


Loonie Falls Back After Yesterday’s Gains

Canadian dollar saw some measure of recovery yesterday, thanks in large part to recovering oil prices. Today the loonie is struggling again, falling as Forex traders consider the future of the Canadian economy, and as some engage in profit taking.

Higher Oil Prices Aren’t Helping Loonie Much Today

Oil prices are higher today, but that isn’t helping the loonie much. Canadian dollar isn’t showing much improvement today as it loses ground to some of its major counterparts.

Canadian Dollar Moves Higher Following Crude Oil

As it often happens, the Canadian dollar was tracking moves of crude oil prices. The prices were moving up during the Thursday’s trading session, therefore the currency was gaining as well.

Falling Crude Oil Prices Lead to Drop of Canadian Dollar

The Canadian dollar slid against other most-traded currencies today due to the slump of crude oil prices and the resulting risk-negative sentiment.

Canadian Dollar Gains Ground Along With Oil

Canadian dollar is higher today, thanks in large part to the fact that oil prices are higher. Unrest in the Middle East might be providing some of the support for oil prices.

Euro Succumbs to Pressure in Forex Trading

Euro is succumbing to pressure right now in Forex trading, moving lower against its major counterparts. There isn’t a whole lot to support the euro against other currencies, and, in fact, policymakers are hoping for a lower euro.

Canadian Dollar Goes Down Along with Crude Oil

The Canadian dollar declined against its major peers today as the news about a deal between Saudi Arabia and Russia to keep output of crude oil the same was not welcomed by markets.

How Long Will Loonie Remain a Petro-Currency?

The Canadian dollar is heading lower again today, thanks in large part to the fact oil prices are once again falling. However, while the loonie is likely to retain some of its ties to oil, some analysts are starting to question how long it will remain a true petro-currency.

Canadian Dollar Fails to Hold onto Gains

The Canadian dollar failed to hold onto its earlier gains and dropped by the end of Monday’s trading session due to the rout of crude oil prices.

Canadian Data Doesn’t Do Much for the Loonie

The latest Canadian data release, from the end of last week, hasn’t been doing much to help the loonie in Forex trading. Although the Canadian dollar is getting a bit of help against some of the high beta currencies like the pound and the euro, it is down against the dollar and the yen.