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What is EUR to CAD forecast?

EUR to CAD forecast for tomorrow, this week and month. Euro to Canadian Dollar forecast by day. EUR TO CAD FORECAST 2023, 2024 - 2027. Euro to Canadian Dollar forecast on Monday, December, 4: exchange rate 1.461 Canadian Dollars, maximum 1.483, minimum 1.439.

Why does the USD appreciate compared to the CAD?

On the other hand, when interest rates in the US are higher than those in Canada, the USD typically appreciates relative to the CAD. This is because higher interest rates in the US make the USD more attractive to investors looking to earn higher returns.

Why do investors buy more CAD compared to CAD?

As a result, investors will buy more CAD, driving up the demand for the currency, and increasing its value relative to the USD. On the other hand, when interest rates in the US are higher than those in Canada, the USD typically appreciates relative to the CAD.

Will the USD/CAD bulls stay resilient in 2023?

As things currently stand in early 2023, the respective policy outlooks of the BoC and the Fed favor USD/CAD bulls. It’s worth noting, however, that the commodity-sensitive Canadian Dollar could stay resilient against its American counterpart in case oil prices continue to rise.

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