EUR/CAD — News Archive

Rate Hike Speculation Helps Canadian Dollar

There is speculation that the Canadian dollar is strong enough now that a rate hike from the Bank of Canada could come sooner than expected. The news is helping the loonie against its European counterparts.

Decline of Crude Oil Leads to Losses for Canadian Dollar

The Canadian dollar fell against other majors during the current trading session, largely due to the drop of crude oil prices. The currency fell even against the US dollar despite the earlier rise to the highest level since January.

Oil Rally Lifts Loonie Higher in Forex Trading

Oil is rallying, and that is helping the Canadian dollar in Forex trading today. Loonie is mostly higher against its major counterparts.

Employment Situation Weighs on Canadian Dollar

Canadian dollar is lower today, thanks in large part to concerns over the employment situation and the economy. However, it’s also not helping that oil prices still aren’t recovering quite as much as some would like.

CAD Ekes Out Gains as Oil Nears $60 a Barrel

Canadian dollar is heading a little bit higher today against some currencies, gaining ground as oil improves and as worries that the Bank of Canada will cut its rates further subside a little bit.

Loonie Weakens After Yesterday’s Surge

Canadian dollar is weaker today, following yesterday’s somewhat surprising surge. There are some factors supporting the loonie in the short to medium term, so the currency might get another chance later.

Canadian Dollar Gains Ground Against Major Currencies

Canadian dollar continues to rally today, heading higher against its major counterparts. Even with slightly lower oil prices, the loonie is heading higher, continuing its rally from last week.

Fundamental Factors Negative for Canadian Dollar

The Canadian dollar dropped today as fundamentals were unfavorable to the currency. Among the negative factors were domestic macroeconomic data, the general market sentiment and the drop of crude oil.

Canadian Dollar Unable to Maintain Gains, Moves Below Opening

The Canadian dollar rallied earlier during the current trading session, hitting the two-year high versus the euro, with the help of favorable economic data from Canada. Yet the loonie was unable to keep gains and is now trading far below the opening level against other majors.

Poor US Data & Rising Crude Oil Prices Fuel Gains of CAD

The Canadian dollar rose today, climbing to the highest level in almost three months against its US counterpart and the Japanese yen, as poor economic data from the United States and the rally of crude oil prices played in favor of commodity currencies.

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