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    CAD to EUR Forecasts 2021

    In 2021 forecasts and predictions for the CAD/EUR exchange rate are driven by the improved oil price and relative recovery from Coronavirus pandemic rather than any fundamentals or relative sentiment towards the Canadian and Eurozone economies.

    Updated: Nov 24, 2021  
     

    1 CAD = 0.7062 EUR
    Sell CAD  →  Buy EUR
    CAD to EUR at 0.7063 has risen 1.6% above average of its 90-day range 0.6852-0.7063.
    |
      1 EUR = 1.4160 CAD
     
    1-DAY+0.8%
    90-DAYHIGH

    CAD/EUR Outlook

    In November CAD/EUR has risen to around the 0.70 level as the energy crisis hurts the euro and helps the gas and oil exporting Canadian dollar.

    CAD/EUR wasChangePeriod
    0.6976
    04 Jan 2022
    1.1% 2 Weeks
    0.6962
    20 Oct 2021
    1.3% 90 Days
    0.6494
    18 Jan 2021
    8.6% 1 Year
    0.7042
    19 Jan 2017
    0.2% 5 Years
    0.7640
    21 Jan 2012
    7.7% 10 Years
    0.7074
    23 Jan 2002
    0.3% 20 Years
    CAD/EUR change over periods to 18-Jan-2022

     

    Canadian dollar to Euro bank forecasts

    ING think CAD is in oversold territory. They expect more tapering by the Bank of Canada to support the Canadian dollar into year-end, and the short positioning may help limit the loonie’s downside.

    CAD Outlook

    Dollar strength and a fourth wave Covid in Germany and Eastern Europe have seen the Eurozone single currency on the decline and at 1 YEAR LOWS versus the greenback.

    EUR Outlook

    Note that forecasts and predictions for the CAD/EUR exchange rate change all the time, affected by news events and relative sentiment towards the Canadian and Eurozone economies and this exchange rate is even more volatile than usual because of the uncertainties around the Coronavirus pandemic.

    You can read more about EUR cross-rate forecasts here EUR Trends and Forecasts for 2021.

     

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    Posted under: #Forecasts #CAD #EUR

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.