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fxAug 11, 2026, 8:54 AM

EUR/CAD Falls for Fifth Day Amid US-Iran Tensions

EUR/CAD extends its losing streak to five sessions, trading near 1.6080 as risk aversion from US-Iran tensions weighs on the euro.

EURCAD

EUR/CAD is down for a fifth consecutive day on Tuesday, changing hands around 1.6080 during European trading.

The euro is under pressure as escalating geopolitical tensions between the US and Iran spark risk aversion, benefiting the commodity-linked Canadian dollar.

Concerns over potential oil supply disruptions are also supporting the loonie, while the common currency struggles.

Source: FXStreet Forex News