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fxJul 13, 2026, 9:13 AM

Euro Recovers Early Losses Against Canadian Dollar, BoC Policy in Focus

The Euro has reversed early losses against the Canadian Dollar, trading near 1.6170 as traders await the Bank of Canada's policy decision for further cues.

EURCAD

The Euro (EUR) pared its earlier losses and moved into positive territory against the Canadian Dollar (CAD) during Monday's European session, trading around the 1.6170 level. The rebound was attributed to a firmer Euro amid cautious optimism over the Middle East situation.

Market participants are now focusing on the upcoming Bank of Canada policy announcement, which could provide fresh direction for the EUR/CAD pair. No major economic data releases were noted in the source material.

Source: FXStreet Forex News