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Daily brief - Euro softens ahead of key US labour and Fed signals
The euro rate today is slightly softer as firm USD demand ahead of the US payroll revision and Chair Warsh’s Jackson Hole speech outweighs hawkish ECB expectations. Euro is underperforming AUD, relatively firmer against GBP and JPY, and broadly steady against a recovering CAD. Today’s US events could drive EUR/USD and global yields, while upcoming euro-area inflation and activity releases will provide the next direct tests for EUR.
EUR/CAD
Current Rate:
1.6107
Last updated:Aug 29, 2026, 12:21 a.m. ET
Actual Trading range
1.60951.6144
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Today's EUR headlines
- EUR: Euro is slightly softer overall as traders favour USD before the payroll revision and Warsh’s speech, while hawkish ECB expectations limit losses.
- USD: Euro is easing against USD as markets position for labour-market revisions and potential Fed policy signals from Jackson Hole.
- CAD: Euro is broadly steady against CAD as the Canadian currency’s recovery is balanced by trade concerns and today’s GDP risk.
- GBP: Euro is firmer against sterling as limited UK catalysts leave the pound more exposed to broader dollar demand.
- JPY: Euro remains supported against JPY as wide Japanese rate differentials outweigh the impact of firmer Tokyo inflation.
- AUD: Euro is losing ground to AUD as persistent Australian inflation strengthens expectations of another RBA rate increase.
Euro (EUR) daily performance against major global currencies
Updated: Aug 29, 2026, 12:21 a.m. ET
The euro is essentially unchanged against none, gained against Swiss franc, and lost ground against Canadian dollar, US dollar, British pound, Japanese yen, Indian rupee, Mexican peso and Australian dollar. EUR's strongest move among the displayed crosses is against the New Zealand dollar, while its largest decline is against the Chinese yuan.
EUR / CAD
Current Rate
1.6107
Daily Change
-0.20%
EUR / USD
Current Rate
1.1587
Daily Change
-0.62%
EUR / GBP
Current Rate
0.8560
Daily Change
-0.14%
EUR / JPY
Current Rate
185.24
Daily Change
-0.25%
EUR / CNY
Current Rate
7.7710
Daily Change
-0.83%
EUR / INR
Current Rate
110.48
Daily Change
-0.70%
EUR / NZD
Current Rate
1.9597
Daily Change
0.11%
EUR / MXN
Current Rate
19.74
Daily Change
-0.15%
EUR / CHF
Current Rate
0.9374
Daily Change
0.08%
EUR / AUD
Current Rate
1.6170
Daily Change
-0.14%
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What is driving the euro today?
Current Exchange Rate
Updated: Aug 29, 2026, 12:21 a.m. ET
EUR/CAD Historical Exchange Rates
Daily change
−0.20%Weekly change
+0.05%Monthly change
+0.32%3 months change
+0.33%6 months change
−0.06%Yearly change
+0.32%We use mid-market rates. This is for informational purposes only.
As of August 29, 2026, EUR/CAD is trading at 1.6107, representing a -0.20% shift in the last 24 hours. The pair is likely to trade within the 1.6095-1.6144 range.
EUR/CAD is consolidating as modest euro softness is balanced by a recovering but trade-sensitive Canadian dollar. The euro rate today is facing pressure from firm USD demand before the payroll revision and Warsh’s speech, although hawkish ECB expectations are limiting losses.
CAD has recovered from overnight lows ahead of Canada’s GDP release, but persistent trade tensions continue to cloud its outlook. The next move will depend primarily on the Canadian growth result and any significant shift in global rate expectations following today’s US events.
- Canadian GDP is the immediate pair catalyst: Stronger-than-expected growth could reinforce the CAD recovery and pressure EUR/CAD, while weaker data may lift the pair.
- Trade tensions limit CAD’s underlying support: Continued uncertainty surrounding Canadian exports and investment could prevent positive GDP data from producing sustained CAD gains.
- Relative policy expectations support EUR: Hawkish ECB expectations provide the euro with a cushion, while Canada’s GDP result could influence the next shift in BoC expectations.
- US events may generate indirect volatility: Payroll revisions, Warsh’s speech, Chicago PMI and Michigan sentiment could move global yields and broader demand for EUR.
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FAQs
As of August 29, 2026, EUR/CAD is trading at 1.6107, meaning one Euro buys approximately 1.6107 CAD.
The EUR to CAD exchange rate is 1.6107. The pair opened at 1.6135 and has moved -0.20% today.
EUR/CAD is down by -0.20% today, with short-term market sentiment currently bearish. 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 down by -0.20%, with a bearish 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 +0.32% over the past month and +0.02% year-to-date. It is currently trading below its 50-day moving average of 1.6131. 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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