Turkey Current Account Balance rose from previous $-7.253B to $-6.807B in January

Mar 12, 2026

Canadian Dollar gains traction to near 1.3600 as Oil gains on Strait of Hormuz closure

The USD/CAD pair trades in negative territory around 1.3600 during the early European trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD). The US weekly Initial Jobless Claims report will be released later on Thursday.

ECB: Hawkish voices grow on energy and fiscal risks – Danske Bank

Danske Research Team reports that ECB officials are turning more hawkish as energy-driven inflation risks and potential fiscal easing in the Euro area build.