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Euro Extends Winning Streak Against Canadian Dollar on Lower Oil Prices

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CAD
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The Euro has maintained its gains against the Canadian Dollar for the third consecutive day, trading at around 1.6090 during European hours on Monday.

The Canadian Dollar's decline is attributed to lower oil prices, which are expected to continue due to growing diplomatic efforts to resolve the Middle East conflict and restore stable energy flows from the region.

US President Donald Trump has expressed willingness to meet with Iranian President Masoud Pezeshkian on the sidelines of the UN General Assembly in New York this week, further boosting hopes for a resolution to the crisis.

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