EUR/CAD gains 0.06% to 1.5640 as investors digest the Bank of Canada's 25 bps rate hike and pivot attention to the ECB.
The Bank of Canada raised rates by 25 bps as expected, and the Euro edged higher against the Canadian dollar as focus shifts to the ECB.
The Euro edges higher against the Canadian Dollar, trading at 1.5640 despite the Bank of Canada's decision to lift benchmark interest rates by 25 basis points to 2.50%. Market participants are now shifting their focus toward upcoming European Central Bank policy signals.
Despite the 25 bps rate increase by the Bank of Canada, the EUR/CAD pair showed resilience, gaining 0.06% to trade around 1.5640 as market attention turned to the European Central Bank.