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Daily brief - Euro stalls as weak retail sales offset stronger German orders
The euro is mixed, easing against USD, GBP and AUD, trading near unchanged against CAD and advancing modestly against JPY. Eurozone retail sales unexpectedly contracted, while stronger German factory orders and expectations of further ECB tightening are limiting losses. Today’s US and Canadian employment reports are the main external catalysts for EUR/CAD.
EUR/CAD
Current Rate:
1.6064
Last updated:Sep 04, 2026, 09:49 p.m. ET
Actual Trading range
1.59991.6097
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Today's EUR headlines
- EUR: Euro is mixed as weak eurozone retail spending offsets stronger German factory orders and lingering ECB tightening expectations.
- USD: Euro edges lower against USD as the greenback recovers ahead of the US nonfarm payrolls report.
- CAD: Euro is nearly unchanged against CAD as disappointing EU consumption data offset uncertainty surrounding Canadian employment.
- GBP: Euro weakens against sterling as recent hawkish Bank of England signals continue to support the pound.
- JPY: Euro advances modestly against JPY as the yen pauses following its sharp rally, although BoJ tightening expectations limit the move.
- AUD: Euro slips against AUD as persistent inflation and expectations of further RBA tightening support the Australian currency.
Euro (EUR) daily performance against major global currencies
Updated: Sep 04, 2026, 09:49 p.m. ET
The euro is essentially unchanged against British pound, gained against Canadian dollar and Japanese yen, and lost ground against US dollar, Indian rupee, New Zealand dollar, Mexican peso and Australian dollar. EUR's strongest move among the displayed crosses is against the Swiss franc, while its largest decline is against the Chinese yuan.
EUR / CAD
Current Rate
1.6064
Daily Change
0.19%
EUR / USD
Current Rate
1.1621
Daily Change
-0.08%
EUR / GBP
Current Rate
0.8590
Daily Change
-0.02%
EUR / JPY
Current Rate
181.38
Daily Change
0.12%
EUR / CNY
Current Rate
7.7692
Daily Change
-0.60%
EUR / INR
Current Rate
109.68
Daily Change
-0.26%
EUR / NZD
Current Rate
1.9743
Daily Change
-0.07%
EUR / MXN
Current Rate
19.63
Daily Change
-0.14%
EUR / CHF
Current Rate
0.9405
Daily Change
0.25%
EUR / AUD
Current Rate
1.6117
Daily Change
-0.15%
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What is driving the euro today?
Current Exchange Rate
Updated: Sep 04, 2026, 09:49 p.m. ET
EUR/CAD Historical Exchange Rates
Daily change
+0.19%Weekly change
−0.47%Monthly change
−0.91%3 months change
−0.50%6 months change
+1.23%Yearly change
−0.16%We use mid-market rates. This is for informational purposes only.
As of September 4, 2026, EUR/CAD is trading at 1.6064, representing a 0.19% shift in the last 24 hours. The pair is likely to trade within the 1.5999-1.6097 range.
EUR/CAD is holding close to unchanged as weak eurozone retail sales limit euro demand while Canadian employment uncertainty prevents a stronger CAD advance. The euro rate today is receiving some support from stronger German factory orders and expectations that the ECB may maintain a restrictive stance.
Canada’s employment report will determine the CAD side of the pair, with the Ivey PMI providing a secondary domestic signal.
- Consumer demand weakens: Eurozone retail sales fell 0.6% in July, missing expectations for growth and raising concerns about household spending.
- German orders offer support: German factory orders rose 2.5%, suggesting parts of the eurozone’s largest economy retain industrial momentum.
- ECB expectations limit euro losses: Elevated headline inflation continues to support a restrictive policy outlook, despite signs of softer underlying price and growth pressures.
- Canadian labour data drives pair risk: Strong Canadian hiring could reinforce the BoC’s hawkish stance and pressure EUR/CAD, while a weak report could undermine CAD.
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FAQs
As of September 4, 2026, EUR/CAD is trading at 1.6064, meaning one Euro buys approximately 1.6064 CAD.
The EUR to CAD exchange rate is 1.6064. The pair opened at 1.6034 and has moved 0.19% today.
EUR/CAD is up by 0.19% today, with short-term market sentiment currently bullish. A falling EUR/CAD rate indicates a stronger Canadian dollar, while a rising rate indicates a weaker Canadian dollar.
The EUR/CAD typically responds to ECB and BoC interest-rate expectations, oil prices and economic data. Today, the pair is up by 0.19%, with a bullish short-term bias.
Because the bank or any FX provider you are using applies a margin on the mid-market exchange rate that you see on Google.
EUR/CAD has moved -0.91% over the past month and -0.25% year-to-date. It is currently trading below its 50-day moving average of 1.6122. Whether it is a suitable time to convert depends on which currency you hold, your payment deadline and your tolerance for further movement.
Compare the total CAD received after the exchange rate spread and transfer fees. Rate alerts, limit orders, staged transfers and specialist FX providers may also help you manage the timing and overall cost of the conversion.
Open or sign in to your account, request a EUR-to-CAD quote, add the recipient’s Canadian banking details and fund the transfer in euros. The funds are converted into Canadian dollars before being deposited into the recipient’s account.
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