EUR/CAD is a currency pair that represents the ratio of the euro and the Canadian dollar. This tool is the ratio of the base currency, the euro, to the quoted one, the Canadian dollar. By analyzing the indicators, it is possible to find out how many Canadian dollars are held in one euro. The use of the currency pair is relevant in the US and European currency market, however, it is not in demand among traders. Participation in trading operations of this currency pair, as a rule, is possible only with the strengthened position of the US dollar. This pair reflects the state of the economy of European countries and Canada. Its development is affected by price increases, cost of raw materials. Specifically, the position of the Canadian currency is affected by world commodity prices.
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