EUR/CAD

Fundamentals favour the Canadian Dollar by 12 points.

On the Macro Currency Strength Meter, the Euro scores -6 and the Canadian Dollar scores +6 — a gap of 12 points in favour of the Canadian Dollar. The widest divergence is in growth, which favours the Euro. All else equal that gap is a fundamental tailwind for the Canadian Dollar against the Euro — though markets may already have priced much of it in.