EUR/CAD climbs to 1.5700 as the Euro sustains gains on the back of recent PMI data, with market participants now shifting focus to upcoming Eurozone HICP inflation figures.
EUR/CAD rose for a third consecutive day to around 1.5700 as the Euro held gains following HCOB PMI data from Germany and the Eurozone. The pair is strengthening ahead of Eurozone HICP inflation data, which could further influence direction. The article does not provide specific PMI figures or inflation expectations.
The Euro is holding its position following PMI data from Germany and the Eurozone, extending gains for a third consecutive day to around 1.5700.
Eurozone HICP inflation data is due to be released.
The EUR/CAD currency pair extended its winning streak to a third consecutive session, trading near the 1.5700 level during Wednesday's European trading hours. The Euro maintains its upward momentum following positive HCOB Purchasing Managers’ Index (PMI) data from Germany and the broader Eurozone.
The pair is rising due to the Euro holding its position following the release of HCOB PMI data from Germany and the Eurozone, marking a third consecutive day of gains.
The upcoming release of Eurozone HICP inflation data is the primary event that could influence the pair's direction and introduce market volatility.