EURCAD - Euro / Canadian Dollar
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
The performance of the EUR/CAD is dependent upon the correlation between two major economies: the Eurozone and Canada. If you’re looking to take your first foray away from the four majors, this could be the perfect match for you.
Canada is a rather large country, bordering the United States on the south and west. USA is the main country’s trading partner in the NAFTA free trade zone, along with Mexico.
Trading EUR/CAD, usually stay tuned with the latest oil quotes, as well as prices for the raw materials and industrial products. Note that these areas are very important for Canada but quite indifferent for the EU. Also keep in mind last speeches of the ECB representatives, as well as the chairmen of international commodity organizations. Most important data in the Economic Calendar are Trade balances of both countries and their main export partners, with the securities rates and monetary policy performance.
If you are interested in trading the EUR/CAD currency pair, contact FxPro today and open trading account in several minutes.