# Euro holds gains against Canadian Dollar ahead of Eurozone HICP inflation data

> EUR/CAD traded near 1.5700 after German and Eurozone PMI releases, with German services and composite PMIs improving while Eurozone services and composite readings declined. Traders were focused on upcoming Eurozone inflation data and the US-Iran situation.

- Date: 2026-11-04 · published 2026-11-04T12:08:36.645Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/79616-euro-holds-gains-against-canadian-dollar-ahead-of-eurozone-hicp-inflation-data
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Currency moves in the Canadian dollar, a commodity-linked currency, tend to track crude oil, so the outlook for oil influences the cost of Canadian-origin feed commodities priced in USD.

## Read by commodity

- WTI: neutral
- EURUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-07-30 | [Euro holds above 3-week low ahead of inflation data](https://feedsoft.ai/events/29483-euro-holds-above-3-week-low-ahead-of-inflation-data.md) | +1.3% | +3.2% |
| EURUSD | 2025-09-30 | [Euro Firms as Inflation Data Backs Rate Caution](https://feedsoft.ai/events/23094-euro-firms-as-inflation-data-backs-rate-caution.md) | -0.2% | -0.6% |
| EURUSD | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.1% | -2.3% |
| EURUSD | 2024-05-29 | [EUR/USD: Euro May Turn Lower vs. Dollar on Eurozone CPI Data \| tastylive](https://feedsoft.ai/events/30471-eur-usd-euro-may-turn-lower-vs-dollar-on-eurozone-cpi-data-tastylive.md) | -0.0% | -1.8% |
| EURUSD | 2024-07-26 | [EUR/USD appreciates to near 1.0850 ahead of US PCE inflation — Octa](https://feedsoft.ai/events/29489-eur-usd-appreciates-to-near-1-0850-ahead-of-us-pce-inflation-octa.md) | -0.7% | +2.3% |
| WTI | 2022-10-17 | [Canadian dollar gains as investors weigh high inflation expectations - The Globe and Mail](https://feedsoft.ai/events/39353-canadian-dollar-gains-as-investors-weigh-high-inflation-expectations-the-globe.md) | -0.7% | +3.7% |
| WTI | 2022-02-02 | [Record euro zone inflation piles pressure on ECB \| Reuters](https://feedsoft.ai/events/9873-record-euro-zone-inflation-piles-pressure-on-ecb-reuters.md) | +1.3% | +25.5% |
| WTI | 2024-12-21 | [Why is the Indian rupee falling against the US dollar? \| Explained News - The Indian Express](https://feedsoft.ai/events/27232-why-is-the-indian-rupee-falling-against-the-us-dollar-explained-news-the-indian.md) | +2.7% | +9.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-holds-gains-against-canadian-dollar-ahead-of-eurozone-hicp-inflation-data-202611040917

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