EUR/CAD — News Archive

Canadian Dollar Drops vs. Greenback, Fares Better vs. Other Currencies

The Canadian dollar dropped against its US counterpart after the release of non-farm payrolls. The loonie fared better against other currencies, rising against the euro and trading sideways versus the Japanese yen, even though Canada’s economic indicators were not particularly good.

Canadian Dollar Broadly Lower

The Canadian dollar was broadly lower against its rival’s during Thursday’s trading even though fundamentals were largely in favor of the currency. The loonie climbed yesterday after the Bank of Canada kept its monetary policy stable.

Growing Canadian Economy Makes CAD Stronger

The Canadian dollar climbed today with the help of an economic report that showed faster-than-expected growth of Canada’s economy at the end of the last year. The positive surprise made the currency gain against other majors.

Rising CPI Doesn’t Help Canadian Dollar

The Canadian dollar fell against its US counterpart today despite positive macroeconomic data from Canada. The currency also retreated against the Japanese yen but gained on the very weak euro.

Lower Chances for Interest Rate Cut Mean Stronger CAD

The Canadian dollar gained today with the help of rising oil prices as well as yesterday’s speech from the central bank’s chief that made traders reevaluate chances for an interest rate cut.

Canadian Dollar Bounces Back After Earlier Losses

Canadian dollar was losing ground to its major counterparts earlier, but now the loonie has bounced back a bit. Speculation about the eurozone, along with concerns about what’s next for the US dollar, not to mention the results of profit taking, are helping the Canadian dollar inch a bit higher.

Canadian Dollar Gains for Second Day

The Canadian dollar went higher today with the help of better-than-expected macroeconomic data from Canada as well as due to the rally of crude oil prices. It was the second consecutive daily gain against the US dollar and the euro.

Canadian Dollar Attempts to Hold Ground Despite Falling Oil

The Canadian dollar dropped today, declining for the second consecutive session against its US counterpart and the euro, following the slump of prices for crude oil — the major Canada’s export commodity. The loonie is trying to hold ground though, and the currency trimmed its losses as of now.

Market Sentiment & Drop of Oil Prices Drag Canadian Dollar Down

The Canadian dollar dipped today because of the risk-negative sentiment prevalent on the Forex market as well as due to the drop of crude oil prices. The loonie, as most other currencies, attempted to rally against the Japanese yen at the beginning of the current trading session but failed and trades below the opening level as of now.

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.

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