- EUR/CAD retreats to near 1.6100 after refreshing a seven-year high around 1.6187.
- Investors await Trump-Zelenskyy meeting, and ECB Lagarde’s speech.
- Canadian CPI is expected to have grown at a faster pace of 0.4% on month in July.
The EUR/CAD pair retraces to near the round-level figure of 1.6100 during Monday’s European trading session after posting a fresh seven-year high around 1.6187 in early Asian trading hours. The pair corrects as the Euro (EUR) underperforms its peers, with investors awaiting the meeting between United States (US) President Donald Trump, Ukrainian President Volodymyr Zelenskyy, and a few NATO members at the White House during the day.
Euro PRICE Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.25% | 0.08% | 0.21% | -0.17% | -0.02% | -0.21% | 0.17% | |
| EUR | -0.25% | -0.19% | -0.07% | -0.42% | -0.26% | -0.49% | -0.08% | |
| GBP | -0.08% | 0.19% | 0.02% | -0.25% | -0.08% | -0.32% | 0.05% | |
| JPY | -0.21% | 0.07% | -0.02% | -0.35% | -0.20% | -0.39% | -0.04% | |
| CAD | 0.17% | 0.42% | 0.25% | 0.35% | 0.13% | -0.04% | 0.30% | |
| AUD | 0.02% | 0.26% | 0.08% | 0.20% | -0.13% | -0.24% | 0.11% | |
| NZD | 0.21% | 0.49% | 0.32% | 0.39% | 0.04% | 0.24% | 0.34% | |
| CHF | -0.17% | 0.08% | -0.05% | 0.04% | -0.30% | -0.11% | -0.34% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
Leaders from Europe and US President Trump would discuss about ending war in Ukraine immediately. Market experts believe that Trump would persuade Ukrainian President Zelenskyy to agree to concessions proposed by Russian leader Vladimir Putin in the Alaska summit on Friday.
The scenario of a permanent peace between Russia and Ukraine will be favorable for the Euro as it will improve the supply chain of the old continent.
On the domestic front, investors will focus on European Central Bank (ECB) President Christine Lagarde’s speech, who is scheduled to speak on Wednesday at the World Economic Forum in Geneva.
In Canada, investors await the Consumer Price Index (CPI) data for July, which will be published on Tuesday. Financial market participants will closely monitor the inflation data as it will influence market expectations for the Bank of Canada’s (BoC) monetary policy outlook. Month-on-month Canadian inflation is estimated to have growth at a faster pace of 0.4%.
