Euro advances against Canadian Dollar amid ECB hawkish stance, lower oil prices

Euro advances against Canadian Dollar amid ECB hawkish stance, lower oil prices

Source: EODHD - https://www.fxstreet.com/news/euro-advances-against-canadian-dollar-amid-ecb-hawkish-stance-lower-oil-prices-202608130843
Published: Aug 13, 2026 4:43 AM

EUR/CAD halts its six-day losing streak, trading around 1.6080 during the European hours on Thursday. The currency cross gains ground as the Euro (EUR) receives support as the macroeconomic picture in the Eurozone continues to support the European Central Bank's (ECB) hawkish stance.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.