Euro declines against Canadian Dollar despite ECB rate hike hopes

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.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-15
• rates

Topics: gold news, gold price impact, rates