The EUR/CAD pair is moving slightly after recording small gains in the previous session, hovering around 1.6160 during the early European hours on Monday. Trading volumes are expected to remain light as trading enters a holiday-shortened week before Christmas.
The European Central Bank has kept its key interest rate unchanged at 2.0% since June, and its latest pause last week also came with upgrades to growth and inflation forecasts. European Central Bank President Christine Lagarde said that monetary policy is in a “good position” and that interest rates will remain steady for a long time.
The currency pair may come under pressure as the commodity-linked Canadian dollar draws support from higher oil prices, given Canada’s status as the largest oil exporter to the United States.
West Texas Intermediate (WTI) crude oil is trading near $57.00 per barrel at the time of writing. Crude oil prices rose amid concerns about potential supply disruptions. Tensions have risen between the United States and Venezuela after the United States reportedly pursued another ship near Venezuelan waters after seizing two oil tankers this month.
Meanwhile, traders remain focused on Eastern Europe, where Ukraine struck a Russian tanker in the Mediterranean for the first time, following previous attacks on Lukoil’s facilities in the Caspian Sea. US and Ukrainian officials said Sunday that the talks in Miami were “productive and constructive,” although no progress was announced.
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 US dollar.
| US dollars | euro | GBP | JPY | Canadian | Australian dollar | New Zealand dollar | Swiss franc | |
|---|---|---|---|---|---|---|---|---|
| US dollars | -0.17% | -0.27% | -0.14% | -0.14% | -0.41% | -0.35% | -0.11% | |
| euro | 0.17% | -0.11% | 0.00% | 0.03% | -0.25% | -0.19% | 0.05% | |
| GBP | 0.27% | 0.11% | 0.13% | 0.14% | -0.14% | -0.05% | 0.16% | |
| JPY | 0.14% | 0.00% | -0.13% | 0.03% | -0.24% | -0.18% | 0.06% | |
| Canadian | 0.14% | -0.03% | -0.14% | -0.03% | -0.28% | -0.21% | 0.03% | |
| Australian dollar | 0.41% | 0.25% | 0.14% | 0.24% | 0.28% | 0.06% | 0.31% | |
| New Zealand dollar | 0.35% | 0.19% | 0.05% | 0.18% | 0.21% | -0.06% | 0.24% | |
| Swiss franc | 0.11% | -0.05% | -0.16% | -0.06% | -0.03% | -0.31% | -0.24% |
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).
