Neutral
EUR/CAD retreats to 1.6100 amid ECB caution and rising oil prices
EUR/CAD ended its three-day winning streak, trading around 1.6100 during European hours on September 29, 2026. The euro softened ahead of upcoming European Commission data and a scheduled address by ECB President Christine Lagarde in Frankfurt. Lagarde signaled a measured monetary policy stance, noting that rising energy costs have not directly influenced wage growth. Meanwhile, the Canadian dollar gained support from higher oil prices, driven by ongoing geopolitical uncertainty between the U.S. and Iran.
Key points
- EUR/CAD halts three-day advance, trading near 1.6100 amid market caution.
- ECB President Lagarde indicates measured policy approach, citing stable wage growth despite energy cost increases.
- Canadian dollar strengthens as oil prices rise amid U.S.-Iran geopolitical tensions.
Sources
- Euro softens against Canadian Dollar amid ECB caution, oil strengthFXStreet · September 29, 2026
- Euro schwächt sich gegenüber dem Kanadischen Dollar ab angesichts der Vorsicht der EZB und der Stärke von ÖlFXStreet · September 29, 2026
- Euro softens against Canadian Dollar amid ECB caution, oil strengthFXStreet · September 29, 2026
AI-generated from public news sources. Not financial advice.
