EUR/CAD rebounds after three days of losses, trading around 1.6210 during the Asian hours on Tuesday. The currency cross gains ground as the commodity-linked Canadian Dollar (CAD) comes under downward pressure amid lower crude Oil prices.
The EUR/CAD pair snaps its four-day losing streak and trades 0.13% higher to near 1.6240 during the European trading session on Friday. The cross gains as the Euro (EUR) outperforms its peers after remaining under pressure this week.
The EUR/CAD cross holds steady near 1.6225 during the early European session on Thursday. The political crisis in France after the shock resignation of France’s Prime Minister Sebastien Lecornu and his government could weigh on the Euro (EUR) against the Canadian Dollar (CAD).