Euro vs. Canadian Dollar
The Euro/Canadian Dollar represents what it costs in Canadian currency to buy one Euro. One of Canada's biggest exports is crude oil and therefore tends to be reactive to vacillations in worldwide development forecasts and crude oil rates. The world’s biggest fiscal union is the Eurozone and is a commonly traded currency. On several occasions, the Euro has been used as a financial currency in times of international economic concern. The EUR/CAD usually has a high average true range, more so than the cross currencies, providing additional opportunities for swing and intra-day traders alike.