EUR/CAD — News Archive

Loonie Lower as Canada Enters the Depreciation Fray

Over the past few years, a number of currencies have done what they can to weaken a bit in order to stimulate economies and gain an edge in global trading. Now it appears that Canada is ready to play that game, and the loonie is lower as a result.

Loonie Gets Boost on Final Day of 2013

Loonie is finally getting a boost today, ending a rather lackluster year on a high note. Canadian dollar has seen its strength leak away over the course of 2013, and many believe that parity with the US dollar is gone for quite some time.

Interest Rate Outlook Makes Loonie Close Weaker

The Canadian dollar ended Friday with losses as Canada’s central bank was not showing willingness to raise interest rates, while the US Federal Reserve has already cut its stimulus program.

Dollar Ends Trading with Gains, Economic Data Helps

The US dollar ended today’s short trading session with gains against most major currencies, though falling versus the Great Britain pound, as the positive outlook for the US economy led to speculations about additional quantitative easing tapering from the Federal Reserve. Indeed, macroeconomic data supported such view.

Canadian Dollar Falls After Three Days of Gains

The Canadian dollar fell for the first day in four against its US counterpart and was flat versus the euro and the Japanese yen on the outlook for monetary policies of Canada’s and the US central banks.

Canadian Dollar Rises on GDP, Loses Gains

The Canadian dollar advanced yesterday after data showed that the nation’s economy grew in October faster than was expected. The currency retreated versus the US dollar and the euro today, but retained its gains versus the Japanese yen.

Canadian Dollar Shows Unexpected Strength

The Canadian dollar was surprisingly strong as it was rising yesterday and continued to rally today even as the Federal Reserve tapering announcement made riskier currencies less attractive to Forex traders.

Loonie Loses Ground as Traders Await Taper News

The Canadian dollar is most at risk for weakness in a situation that involves the Federal Reserve in the United States tapering its asset purchase program. As a result, the loonie is experiencing a degree of weakness as Forex traders await the outcome of a two-day Fed meeting slated to end today.

Canadian Dollar Falls as Traders Weigh Chances for Fed Tapering

The Canadian dollar fell today as Forex traders were weighing chances for the US Federal Reserve to taper its monetary stimulus at this week’s policy meeting. The losses were not particularly big as the market was somewhat quiet ahead of the gathering.

Loonie Pulls Back After Recent Gains

Canadian dollar is heading lower today following a few days of gains against most of its major counterparts. The loonie saw some solid gains on recent oil prices data, but now it appears that some Forex traders are taking profits and trying to position themselves for what might be next.

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