{
  "id": 7360753,
  "title": "Euro falls as higher Oil prices support Canadian Dollar amid mixed inflation data",
  "url": "https://urgent.news/2026/09/14/euro-falls-as-higher-oil-prices-support-canadian-dollar-amid-mixed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T16:37:20.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/euro-falls-as-higher-oil-prices-support-canadian-dollar-amid-mixed-inflation-data-202609141637"
  },
  "original_language": "en",
  "account": "The Euro weakened against the Canadian Dollar on Monday, falling to around 1.6060 as higher oil prices bolstered the Canadian currency. The Canadian Dollar gained strength due to a sharp increase in oil prices, while recent inflation data had little impact on the short-term monetary policy outlook. Canada's Consumer Price Index (CPI) rose 3% year-over-year in August, unchanged from July, and in line with expectations. However, the monthly data showed a decline of 0.1% compared to market expectations, following a 0.5% increase in July. The Bank of Canada's core inflation measure increased to 2.4% year-over-year from 2.3% previously. Key measures of underlying inflation remained relatively contained, with consumer price indices easing to 2.6%, 1.9%, and 2% respectively. The mixed figures are unlikely to significantly alter the Bank of Canada's policy outlook, as the central bank maintained its policy rate at 2.25% during its latest meeting. The Bank of Canada recently noted that headline inflation has been around 3% due to persistently high gasoline prices, while indicating little evidence of these increases spreading to other components of inflation. RBC economists stated that Canadian inflation \"held at 3% year-over-year in August, unchanged from July,\" with \"underlying inflation pressures\" remaining comparatively contained. They further cautioned that the risk of greater second-round inflation from elevated energy costs would increase as oil prices remain elevated, making the breadth and persistence of underlying price pressures more crucial than month-to-month movements in headline inflation.",
  "summary": "EUR/CAD declines to around 1.6060 on Monday at the time of writing, down 0.17% on the day. The Canadian Dollar (CAD) benefits from the sharp rise in Oil prices, while the latest Canadian inflation data do little to alter the near-term monetary policy outlook.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Euro: ECB credibility may offer support against Dollar – DBS",
        "url": "https://urgent.news/2026/09/14/euro-ecb-credibility-may-offer-support-against-dollar-dbs",
        "published": "2026-09-14T13:35:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}