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EUR/CAD Halts Winning Streak as Oil Strengthens CAD

Guavy AI Editorial Team
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EUR CAD AUD
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The EUR/CAD currency cross has halted its three-day winning streak, trading around 1.6100 during European hours on Tuesday.

The Euro (EUR) is softening ahead of key economic data releases from the European Commission and an upcoming address by European Central Bank (ECB) President Christine Lagarde at the 2026 ECB/ESCB Legal Conference in Frankfurt.

Meanwhile, the Canadian Dollar (CAD) is finding strength on higher crude oil prices, compounding losses for the cross. Oil markets gained traction as ongoing uncertainty surrounding US-Iran negotiations overshadowed news that oil flows have resumed through Saudi Arabia's East-West pipeline.

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