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EUR/CAD rose over 0.5% to about 1.5680 after German October manufacturing PMI was confirmed at 54.2 and September retail sales fell 2.0% month on month. OPEC+ agreed to hold December oil output targets steady, weighing on crude and the Canadian dollar.
A steady OPEC+ quota keeps crude supply stable, and weaker oil pressures the loonie, a commodity-linked currency; currency moves like this shift the relative export competitiveness of Canadian and European grain and oilseed origins.
fxstreet.comAkhtar FaruquiNov 2, 2026After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
