ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

EURCAD Euro vs Canadian Dollar

1.46244
0.0015 (0.10%)
Last Updated: 13:54:00
Delayed by 15 minutes
Name Symbol Market Type
Euro vs Canadian Dollar FX:EURCAD Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.0015 0.10% 1.46244 1.46237 1.4625 1.46355 1.459 1.46096 0 13:54:00

Canadian Dollar Climbs On Rising Oil Prices After OPEC Decision

05/03/2021 2:34am

RTTF2


Euro vs CAD (FX:EURCAD)
Forex Chart


From Mar 2019 to Mar 2024

Click Here for more Euro vs CAD Charts.

The Canadian dollar advanced against its major counterparts in the Asian session on Friday, as crude oil prices jumped after the Organization of the Petroleum Exporting Countries and its allies decided to keep output unchanged in April.

Crude for April delivery rose $0.96 to $64.79 per barrel.

During a virtual gathering on Thursday, the OPEC+ decided to maintain the current supply cuts for April amid fears that coronavirus restrictions could hurt demand.

Saudi Arabia will retain its 1 million barrel-a-day voluntary production cut in order to support crude prices.

Saudi Energy Minister Prince Abdulaziz bin Salman cautioned about raising production, but said that cuts will be withdrawn over the next few months depending upon the market conditions.

Non-OPEC countries such as Russia and Kazakstan were allowed to make modest increases.

The loonie strengthened to 85.62 against the yen, its highest level since December 2018. If the loonie extends rise, 88.00 is possibly seen as its next resistance level.

The loonie recovered to 1.2651 against the greenback, from a 3-day low of 1.2695 seen at 8:15 pm ET. The loonie is likely to find resistance around the 1.21 level.

The loonie approached 1.5126 against the euro, a level unseen since June 2020. On the upside, 1.50 is possibly seen as its next resistance level.

The loonie climbed to a 4-week high of 0.9756 against the aussie from Thursday's close of 0.9779. The next possible resistance for the loonie is seen around the 0.96 level.

Looking ahead, UK Halifax house price data is due in the European session.

U.S. jobs data and and Canada Ivey PMI for February, as well as U.S. and Canadian trade data and U.S. consumer credit, all for January, are due in the New York session.

1 Year Euro vs CAD Chart

1 Year Euro vs CAD Chart

1 Month Euro vs CAD Chart

1 Month Euro vs CAD Chart

Your Recent History

Delayed Upgrade Clock