EUR/CAD — News Archive

Excellent Employment Report Makes Canadian Dollar Stronger

The Canadian dollar gained today with the help of the excellent employment report. While the loonie was unable to beat the US dollar, the currency demonstrated big gains against its other major peers.

Canadian Dollar Pares Tuesday’s Gains

The Canadian dollar dropped against its major counterparts today, erasing yesterday’s gains. The currency dropped as prices for crude oil declined while concerns about global growth resulted in the market sentiment that was adverse to riskier commodity-related currencies.

Plenty of Reasons for Canadian Dollar to Rally

The Canadian dollar gained against safe currencies, namely the US dollar and the Japanese yen, today. The currency also trimmed its losses versus the euro though remained below the opening level against the shared 19-nation currency.

New Lows for Canadian Dollar

The Canadian dollar sank to new multi-year lows against its US counterpart today due to negative economic data from Canada. While analysts expected poor performance from the Canadian economy, it fared even worse than forecasts.

Reasons for Decline of Canadian Dollar to Fresh Lows

The Canadian dollar dropped to the fresh lows against its US peer during the Thursday’s session and also fell against some other majors including the euro. The currency has plenty of reasons for its weakness, both domestic and global.

Week of ECB — Week of Suffering for Euro

The euro plunged against the majority of most-traded currencies this week after the European Central Bank expanded its monetary stimulus. There was another currency that suffered from its central bank’s policy decision — the Canadian dollar, which was even weaker than the euro.

Loonie Remains Down Against Greenback

Loonie continues to fall against the greenback, even though oil is a little bit higher today. The Canadian dollar is doing better against European currencies, though.

Bank of Canada Shocks Market Cutting Main Interest Rate, CAD Sinks

It looks like central banks decided to rock the market continuously. Last week it was the Swiss Nation Bank that shocked traders, today it was the Bank of Canada that made an unexpected move by cutting its benchmark overnight rate. Needless to say, the Canadian dollar suffered as a result of such decision.

Oil Prices Continue Drag on Canadian Dollar

Oil prices continue to pull on the Canadian dollar today, bringing it down against the US dollar to a level not seen since 2009. Loonie is likely to continue to fall further, as long as the oil slide is in effect.

QE Speculation Weighs on Euro

Euro is once again struggling, thanks in large part to speculation that policymakers are moving toward full scale quantitative easing. The announcement could come later this month, and many Forex traders are anticipating it.

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