The Euro has climbed to a high compared to the Canadian dollar. Any predictions on if it will slow down? I plan to go to Europe this summer and waiting on the Euro to drop. Any predictions or forecasters out there.
The Euro
- Thread starter glamphotographer
- Start date
Canadian dollar's exchange rate is depended on global oil prices. Oils account for about 20-25 % of Canadian exports to the world in value. The oil prices may go up in the summers and so the Canadian dollar's value assuming there are more demands for oils in the summers such as more people drive in the summers and the oil producing countries put some brakes in the oils' production.
That's one of the factors. But what about the European economy slowing down too. Combines those factors maybe the Euro drops.
Draghi may not do much with the Euro interest rates YR2018, so you should be fine with currency rates being stable at current levels to lower with EUR/CAD
