The EUR/CAD pair rose to approach 1.6160 during the early European trading session on Friday. The pair rose as the euro outperformed its major counterparts ahead of speeches by a slew of policymakers at the European Central Bank (ECB) later in the day. Investors will pay close attention to comments from European Central Bank officials for new signals on interest rate expectations.
Euro price today
The table below shows the percentage change of the Euro (EUR) against the major currencies listed today. The euro was the strongest against the Japanese yen.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | 0.02% | 0.02% | 0.25% | 0.06% | 0.09% | 0.21% | 0.11% | |
| euro | -0.02% | 0.00% | 0.24% | 0.04% | 0.07% | 0.19% | 0.09% | |
| GBP | -0.02% | 0.00% | 0.25% | 0.06% | 0.06% | 0.19% | 0.09% | |
| JPY | -0.25% | -0.24% | -0.25% | -0.18% | -0.17% | -0.06% | -0.15% | |
| Canadian | -0.06% | -0.04% | -0.06% | 0.18% | 0.01% | 0.13% | 0.04% | |
| Australian dollar | -0.09% | -0.07% | -0.06% | 0.17% | -0.01% | 0.12% | 0.02% | |
| New Zealand dollar | -0.21% | -0.19% | -0.19% | 0.06% | -0.13% | -0.12% | -0.10% | |
| Swiss franc | -0.11% | -0.09% | -0.09% | 0.15% | -0.04% | -0.02% | 0.10% |
The heat map shows the percentage changes in major currencies versus each other. The base currency is chosen from the left column, while the counter currency is chosen from the top row. For example, if you select EUR from the left column and move along the horizontal line to USD, the percentage change displayed in the box will represent EUR (base)/USD (quote).
On Thursday, the European Central Bank left its deposit rate steady at 2%, as expected, and did not provide a clear outlook for monetary policy, citing uncertainty about inflation. The ECB refrained from committing to a pre-determined monetary policy path, reiterating that it would take a “data-driven, meeting-by-meeting approach.”
The European Central Bank raised its GDP growth forecast for the current year and 2026 to 1.4% and 1.2%, hoping for optimistic investment plans. At the press conference, European Central Bank President Christine Lagarde said: “Government spending on infrastructure and defense should support investment.”
Meanwhile, the Canadian dollar is taking a breather after a strong upward movement in the past few trading days. The Canadian dollar traded higher on expectations that the Bank of Canada (BoC) is unlikely to cut interest rates in the near term as inflation remains close to the 2% target, with signs of improving labor market conditions.
In a monetary policy announcement last week, the Bank of Canada said that “the economic downturn will nearly offset cost pressures associated with the trade reconfiguration,” after leaving interest rates steady at 2.25%.
In Friday’s session, investors will focus on Canadian retail sales data for October, which will be published at 13:30 GMT. Retail sales on a monthly basis are expected to remain flat after falling 0.7% in September.
Economic indicator
Retail sales (monthly)
Retail sales data released by Statistics Canada On a monthly basis, it measures the total value of goods sold by retailers in Canada based on a sample of retail stores of different types and sizes. Changes in retail sales are widely followed as an indicator of consumer spending. Percentage changes reflect the rate of changes in these sales, where the monthly reading compares the sales values in the reference month with the previous month. In general, a high reading is considered bullish for the Canadian Dollar (CAD), while a low reading is considered bearish.
Read more.
Next release:
Friday 19 December 2025 at 1:30
repetition:
monthly
consensus:
0%
former:
-0.7%
source:
Statistics Canada
