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fxJul 9, 2026, 9:14 AM

Euro Advances Against Canadian Dollar on Strong German Trade, Weak Oil

EUR/CAD rose during European trade on Thursday, reversing two days of losses, supported by stronger-than-expected German trade data and declining oil prices.

EURCAD

The euro gained ground against the Canadian dollar on Thursday, with EUR/CAD trading around 1.6210 during the European session. The move ended two consecutive days of losses for the pair.

Strength in the single currency followed the release of better-than-expected German trade data, while a decline in oil prices weighed on the commodity-linked Canadian dollar.

Source: FXStreet Forex News