Euro Surges Against Loonie Amid Oil Price Volatility

The EUR/CAD pair rose to 1.5230 on March 12, 2025, marking a significant gain as crude oil benchmarks declined by a notable percentage amid concerns over global demand and rising supply.

The Canadian dollar weakened against the euro due to its sensitivity to oil prices, which have been under pressure from increased U.S. inventory levels.

In contrast, the euro found support from stronger-than-expected eurozone economic data and improved risk sentiment.