The EURCAD pairing represents the Euro and the Canadian Dollar. Canada is typically seen as a commodity currency, as a large portion of their export currency comes from crude oil. This makes it susceptible to fluctuations in the crude oil price. The Euro has a historical place as a Funding currency during global uncertainty. The true ranges of this oftimes interesting pair are typically higher than the ‘Majors’ and should interest intra-day and swing traders both.
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