EUR/CAD — News Archive

CAD – Another Currency to Rally vs. USD

The Canadian dollar was yet another currency to rally against the US dollar today. Positive macroeconomic data helped the currency to rally against the Japanese yen too, but the loonie was unable to gain on the euro, trading near the opening level versus the shared 18-nation currency.

CAD Ends Friday with Losses vs. USD, Gains vs. GBP & JPY

The Canadian dollar ended Friday with losses against its US peer due to overwhelmingly positive employment report from the United States. At the same time, the poor trade balance data from Canada itself did not prevent the currency from rallying against the euro and the Japanese yen.

Loonie Continues to Weaken Against the Greenback

The Canadian dollar continues to weaken against the greenback, thanks in large part to the recent difficulties with oil prices, and with commodity prices in general. The loonie is still maintaining its gains over the European currencies, though, mainly because of the relative strength of its economy.

Loonie Tries to Make Up Lost Ground

Canadian dollar tumbled yesterday, falling all the way below the 90 cent level against the US dollar, due to expectations for the global economy and to policy divergence with the greenback. Today, the loonie is trying to eke out gains against its major counterparts.

Canadian Dollar Keeps Huge Gains

The Canadian dollar was little changed today following yesterday’s big jump. The rally was caused by both domestic fundamentals and developments on the global markets that were largely beneficial for the loonie.

Canadian Dollar Pulls Back a Bit After Housing Starts Data

The latest housing starts data was a bit disappointing, and the result offset some of the better news out of Canada about building permits. Concerns about the housing market continue to weigh, and the continued pressure on oil prices isn’t helping the loonie, either.

Canadian Dollar Bounces, Rises for Third Session vs. Yen

The Canadian dollar bounced today, trimming yesterday’s losses versus its US peer and the euro. The currency also extended its rally versus the Japanese yen for a third straight session.

Canada Loses Jobs, Losses of CAD Limited

The Canadian dollar fell today as economic data from Canada was unexpectedly bad. The losses were limited, though, perhaps because market participants paid more attention to news from the Unite States.

Bank of Canada Propels CAD Higher

The Canadian dollar jumped today after the Bank of Canada issued a rather optimistic statement following its monetary policy meeting. The currency reached the highest level since January against the Japanese yen.

Could Ukrainian Troubles Help the Loonie?

Canadian dollar is trading mixed today, but there are some that feel that there is strength coming for the currency. Thanks to the Tim Horton’s deal, as well as the possibility of higher demand in Europe for energy from non-Russian sources, the loonie could see some improvements.

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