Euro declines against Canadian Dollar despite ECB rate hike hopes

Euro declines against Canadian Dollar despite ECB rate hike hopes

Source: EODHD - https://www.fxstreet.com/news/euro-declines-against-canadian-dollar-despite-ecb-rate-hike-hopes-202609150749
Published: Sep 15, 2026 3:49 AM

EUR/CAD extends its losses for the second successive day, trading around 1.6040 during European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) gains support from rising crude oil prices.

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.