EURCAD chart

EURCAD chart by TradingView

EUR/CAD

The Euro / Canadian Dollar denotes how many Canadian Dollars are needed to purchase one Euro. Crude oil is one of Canada's largest exports and as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly traded currencies in FX. Throughout history there have been numerous times the euro has been used as a funding currency during times of global economic uncertainty. The EUR/CAD typically has a slightly higher average true range than the majors, offering more opportunities to intra-day traders & swing traders alike.


News


Euro Rate Outlook: PMI Data Eyed by EUR/USD, EUR/GBP, EUR/JPY

The Euro could be at risk judging by the rise in overnight implied volatility measures ahead of Eurozone PMI data slated for release during early Thursday trade.
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Currency Volatility: Canadian Dollar at Risk as Canada CPI Eyed


FX Week Ahead - Top 5 Events: July Canada Inflation Report & USD/CAD Rate Forecast


Canadian Dollar Outlook: USD/CAD Turns to Canada Jobs Data


Forex Economic Calendar Week Ahead: RBA Meeting; RBNZ Meeting; UK GDP & More


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