Eurcad news

Here are the latest news and updates on the EUR/USD and EUR/CAD currency pairs:

EUR/USD (Euro vs. US Dollar)

• The EUR/USD pair is trading at around 1.1300, with a slight upward trend in recent days.
• The European Central Bank (ECB) is expected to keep interest rates unchanged at its next meeting on March 12.
• The US Federal Reserve is also expected to keep interest rates steady at its meeting on March 18.
• The eurozone economy is showing signs of recovery, with a recent survey showing a rise in business confidence.
• The US dollar is being supported by a strong jobs market and rising interest rates.

EUR/CAD (Euro vs. Canadian Dollar)

• The EUR/CAD pair is trading at around 1.4700, with a slight downward trend in recent days.
• The Bank of Canada is expected to keep interest rates unchanged at its next meeting on March 4.
• The Canadian dollar is being supported by a strong economy and rising oil prices.
• The eurozone economy is showing signs of recovery, but the Canadian economy is expected to grow faster in the coming months.
• The EUR/CAD pair is likely to be influenced by the outcome of the US presidential election and the impact on global trade.

Recent News and Events

• The European Commission has proposed a new budget for the EU, which includes a significant increase in spending on climate change and digitalization.
• The ECB has announced a new program to support the eurozone economy, which includes a combination of monetary and fiscal policies.
• The US Federal Reserve has announced a new framework for setting interest rates, which includes a focus on achieving maximum employment and price stability.
• The Canadian government has announced a new budget, which includes a focus on infrastructure spending and tax cuts.

Economic Indicators

• Eurozone GDP growth: 0.2% in Q4 2020, up from 0.1% in Q3 2020.
• US GDP growth: 4.1% in Q4 2020, up from 3.2% in Q3 2020.
• Canadian GDP growth: 0.1% in Q4 2020, up from 0.0% in Q3 2020.
• Eurozone inflation rate: 1.3% in February 2021, up from 1.2% in January 2021.
• US inflation rate: 1.7% in February 2021, up from 1.4% in January 2021.
• Canadian inflation rate: 1.7% in February 2021, up from 1.5% in January 2021.

I hope this information is helpful!