Eurozone Trade Balance s.a. dipped from previous €7B to €3.5B in March

May 19, 2026

Euro weakens as Canadian Dollar receives support from higher oil prices

EUR/CAD pares its recent gains from the previous day, trading around 1.6000 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) holds ground against the Euro (EUR) due to higher oil prices.

WTI Price Forecast: Approaches over two-month high above $107

West Texas Intermediate (WTI), futures on NYMEX, is up 0.7% higher to near $102.75 during the European trading session on Tuesday.