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fxJul 15, 2026, 6:59 AM

Euro Recovers Against Canadian Dollar, BoC Meeting in Focus

The Euro snapped a three-day losing streak against the Canadian Dollar, rising 0.13% to near 1.6078 as traders eye the upcoming Bank of Canada policy decision.

EURCAD

The Euro (EUR) bounced back against the Canadian Dollar (CAD) during European trading, ending a three-day decline. The pair traded 0.13% higher near 1.6078.

Market attention is shifting to the Bank of Canada's (BoC) upcoming monetary policy meeting, which could influence the CAD's direction. The recovery in EUR/CAD comes after a sustained period of weakness for the euro against its commodity-linked counterpart.

No additional details or forward guidance were provided in the initial report.

Source: FXStreet Forex News

Euro Recovers Against Canadian Dollar, BoC Meeting in Focus — TradersWeek · TradersWeek