EUR/CAD

EUR/CAD CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Canadian Dollar.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Canadian Dollar, issued in Canada, is heavily influenced by commodity prices, particularly oil, due to Canada's significant natural resource exports.

The Canadian Dollar may experience fluctuations in response to these commodity prices and other economic indicators related to Canada. The EUR/CAD currency pairing will be influenced by the differences in the Eurozone and Canadian economies, and specifically the commodity markets.