# Euro gains against Canadian Dollar following German data

> 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.

- Date: 2026-11-02 · published 2026-11-02T12:08:52.624Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/75367-euro-gains-against-canadian-dollar-following-german-data
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- EURUSD: bullish ▲
- USDCAD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-05-31 | [US dollar falls significantly against Canadian dollar \| FXEmpire](https://feedsoft.ai/events/65248-us-dollar-falls-significantly-against-canadian-dollar-fxempire.md) | -5.1% | +11.1% |
| WTI | 2024-09-30 | [Canadian Dollar Hits Six-Day Low While US Dollar Gains Strength - Finimize](https://feedsoft.ai/events/28561-canadian-dollar-hits-six-day-low-while-us-dollar-gains-strength-finimize.md) | +9.1% | +5.0% |
| WTI | 2023-10-30 | [Canadian dollar rebounds as safe-haven flows ease](https://feedsoft.ai/events/33848-canadian-dollar-rebounds-as-safe-haven-flows-ease.md) | -5.7% | -13.1% |
| WTI | 2022-09-29 | [USDCAD Price: Canadian Dollar Drops Despite Positive GDP Data](https://feedsoft.ai/events/39821-usdcad-price-canadian-dollar-drops-despite-positive-gdp-data.md) | +6.8% | +7.8% |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| EURUSD | 2025-03-04 | [Euro gains after German debt reform; US dollar falls](https://feedsoft.ai/events/5800-euro-gains-after-german-debt-reform-us-dollar-falls.md) | +3.2% | +2.9% |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| EURUSD | 2021-11-23 | [Dollar gains, euro recovers on better than expected data \| Reuters](https://feedsoft.ai/events/11254-dollar-gains-euro-recovers-on-better-than-expected-data-reuters.md) | +0.2% | +0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-gains-against-canadian-dollar-following-german-data-202611020933

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.